Amazing Grapes Wine Store Paid Utilities and Recorded the Economic

question 114

Multiple Choice

Amazing Grapes wine store paid utilities and recorded the economic event in the general journal. When posting the related journal entries to the ledger, an impacted account or accounts would include ________.

• A) Retained Earnings
• B) Accounts Payable
• C) Utilities Expense
• D) Both B and C

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Definitions:

Operators

Individuals or entities that control or manage functions of machines, equipment, or systems.

Irrelevant Results

Outcomes or information that do not relate to or have an impact on the current topic or matter at hand.

Federal Law

Federal law consists of laws passed by the national government of a country, as opposed to laws passed by state or local governments.

Local Law

Regulations and legal ordinances that are established and enforced by a municipal or regional authority.