When a Company Receives a Utility Bill but Will Not

question 190

Multiple Choice

When a company receives a utility bill but will not pay it right away, it should

• A)debit Utilities Expense and credit Accounts Receivable.
• B)debit Utilities Expense and credit Accounts Payable.
• C)debit Accounts Payable and credit Utilities Expense.
• D)make no entry until the bill is paid.

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