A Company Received a Utility Bill for $500 and Decided

Multiple Choice

A company received a utility bill for $500 and decided to pay it next month due to a shortage of cash.In transaction analysis,how does this transaction affect the accounting equation?

A) Add $500 to Utilities Expense account and add $500 to Cash account.
B) Subtract $500 from Cash account and add $500 to Accounts Payable account.
C) Add $500 to Accounts Receivable account and subtract $500 from Retained Earnings account.
D) Add $500 to Accounts Payable account and subtract $500 from Retained Earnings account.