A Company Received a Bill of $3,500 for Utilities Used

question 37

Multiple Choice

A company received a bill of $3,500 for utilities used in the current month.The journal entry to record this would include:

• A)a debit to Accounts receivable for $3,500.
• B)a credit to Accounts payable for $3,500.
• C)a credit to Utilities expense.
• D)No entry would be made until the utilities are paid.

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