Able Graphics Received a $400 Utility Bill for the Current $\begin{array} { | l | r | r | } \hline \text { Utilities Experise } & 400 & \\\hline \text { Cash } & & 400 \\\hline\end{array}$

question 69

Multiple Choice

Able Graphics received a $400 utility bill for the current month's electricity. It is not due until the end of the next month which is when they intend to pay it. Which of the following general journal entries will Able Graphics make to record this transaction?

• A) \(\begin{array} { | l | r | r | }
• \hline \text { Utilities Experise } & 400 & \\
• \hline \text { Cash } & & 400 \\
• \hline
• \end{array}\)
• B) \(\begin{array} { | l | r | r | }
• \hline \text { Cash } & 400 & \\
• \hline \text { Utilities Expense } & & 400 \\
• \hline
• \end{array}\)
• C) \(\begin{array} { | l | r | r | }
• \hline \text { Utilities Experise } & 400 & \\
• \hline \text { Accounts Payable } & & 400 \\
• \hline
• \end{array}\)
• D) \(\begin{array} { | l | r | r | }
• \hline \text { Accounts Payable } & 400 & \\
• \hline \text { Utilities Expense } & & 400 \\
• \hline
• \end{array}\)
• E) \(\begin{array} { | l | r | r | }
• \hline \text { No jourial entry is required } & \quad\quad\quad\quad\quad& \\
• \hline \text { } & & \quad\quad\quad\quad\quad\\
• \hline
• \end{array}\)

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Definitions:

Statistical Procedures

A set of mathematical techniques used for analyzing numerical data, including summarizing and interpreting the data.

Quantitative Data

Information that can be measured and written down with numbers, often used in statistical analysis to quantify behaviors, attitudes, and other defined variables.

Measures of Dispersion

Mathematical computations that represent the diversity or range within a collection of numerical values.

Range

The difference between the maximum value and minimum value in a data set.