Multiple Choice
Which of the following entries records the receipt of a utility bill from the water company?
A) debit Utilities Expense; credit Accounts Payable
B) debit Utilities Payable; credit Accounts Receivable
C) debit Accounts Payable; credit Cash
D) debit Accounts Payable; credit Utilities Payable
Correct Answer:
Verified
Correct Answer:
Verified
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