Russell Co $\begin{array}{|l|l|l|}\hline \text { Utilities Expense } & 400 & \\\hline \text { Accounts Receivable } & & 400 \\\hline\end{array}$

Multiple Choice

Russell Co. received a $400 utility bill for the current month's electricity. It is not due until the end of the next month which is when they intend to pay it. Which of the following general journal entries will Russell Co. make to record the receipt of the bill?

A) $\begin{array}{|l|l|l|}\hline \text { Utilities Expense } & 400 & \\\hline \text { Accounts Receivable } & & 400 \\\hline\end{array}$
B) $\begin{array}{|l|r|}\hline \text { Cash } & 400 \\\hline \text { Utilities Expense } & 400\\\hline \end{array}$
C) $\begin{array}{|l|r|l|}\hline \text { Utilities Expense } & 400 & \\\hline \text { Accounts Payable } & & 400 \\\hline\end{array}$
D) $\begin{array}{|l|r|r|}\hline \text { Accounts Payable } & 400 & \\\hline \text { Utilities Expense } && 400 \\\hline\end{array}$
E) No journal entry is required.