Multiple Choice
Publishing for Personnel,Inc.,received and paid its utility bill of $800.As the accountant,you would tell the bookkeeper to
A) debit Utility Expense and credit Cash for $800.
B) debit Cash and credit Utility Payable for $800.
C) debit Cash and credit Utility Expense for $800.
D) debit Cash and credit Retained Earnings for $800.
E) debit Utility Receivable and credit Cash for $800.
Correct Answer:
Verified
Correct Answer:
Verified
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