A Company Received a Bill of $2,110 for Utilities Used

question 221

Multiple Choice

A company received a bill of $2,110 for utilities used in the current month.The journal entry to record this event:

• A)will include a debit to Accounts Receivable for $2,110.
• B)will include a credit to Accounts Payable for $2,110.
• C)will include a credit to Utilities Expense.
• D)is not required;no journal entry should be prepared until the utilities bill is paid.

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Definitions:

Interpersonal

Relating to relationships or communication between people.

Developmental

Pertains to the process of growth or advancement in personal, social, or organizational aspects over time.

Fundamental

Serving as an essential component or basis supporting existence or determining essential structure.

Authentic Leadership

A leadership style in which the leader is genuine and transparent with their followers, encouraging openness and integrity.