Multiple Choice
A business received the current month's utility bill for $2,125,and immediately paid it.Which journal entry is prepared?
A) Debit Accounts Payable for $2,125 and credit Cash for $2,125.
B) Debit Utilities Payable for $2,125 and credit Cash for $2,125.
C) Debit Utilities Expense for $2,125 and credit Cash for $2,125.
D) Debit Operating Expense for $2,125 and credit Accounts Payable for $2,125.
Correct Answer:

Verified
Correct Answer:
Verified
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