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:

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A subset of marketing that focuses on disseminating information or messages about a product, brand, or company to its target customers.

Brand Equity

Brand equity refers to the value a brand adds to a product or service, based on consumer perceptions, recognition, and loyalty.

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Concentrated or directed at a particular area, issue, or target with high attention and dedication.