Multiple Choice
A business received the utility bill for $525,and immediately paid it.What journal entry is prepared?
A) Debit Accounts Payable for $525 and credit Cash for $525.
B) Debit Utilities Payable for $525 and credit Cash for $525.
C) Debit Utilities Expense for $525 and credit Cash for $525.
D) Debit Operating Expense for $525 and credit Accounts Payable for $525.
Correct Answer:
Verified
Correct Answer:
Verified
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