Crest Coreceives and Immediately Pays a $5,250 Utility Bill from the the Public

question 217

Multiple Choice

Crest Co.receives and immediately pays a $5,250 utility bill from the Public Service Utility Company.Public Service Utility Company will record the receipt of this payment with a journal entry that includes a:

• A)credit to Accounts Payable.
• B)debit to Utilities Expense.
• C)debit to Utilities Revenue.
• D)debit to Cash.

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Definitions:

Population standard deviation

A measure of the dispersion of a set of data from its mean, calculated for the entire population.

Confidence interval

A range of values, derived from the sample statistics, that is likely to contain the value of an unknown population parameter.

Confidence interval

An estimated range of values calculated from sample data that is likely to include the true population parameter with a specified level of confidence.

Average hourly income

The average amount of money earned by an individual or group per hour worked.