A Business Received the Current Month's Utility Bill for $1625

question 28

Multiple Choice

A business received the current month's utility bill for $1625, and immediately paid it. Which journal entry is prepared?

• A)Debit Accounts Payable for $1625 and credit Cash for $1625.
• B)Debit Utilities Payable for $1625 and credit Cash for $1625.
• C)Debit Utilities Expense for $1625 and credit Cash for $1625.
• D)Debit Operating Expense for $1625 and credit Accounts Payable for $1625.

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