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Included in the Bank Statement Was a Debit for the Current

Question 27

Multiple Choice

Included in the bank statement was a debit for the current month's electricity usage.What entry is required in the company's accounts?


A) Dr Electricity expense \quad \quad \quad Cr Cash
B) Dr Cash \quad \quad \quad \quad \quad \quad \quad \quad Cr Electricity revenue
C) Dr Cash \quad \quad \quad \quad \quad \quad \quad \quad Cr Electricity expense
D) Dr Accounts payable \quad \quad \quad \quad Cr Cash

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