Better Advice,a Service Company,uses Reversing Entries $$\begin{array} { | l | r | r | } \hline \text { Utility expense } & 650 & \\\hline \text { Accounts payable } & & 650 \\\hline\end{array}$$

question 110

Multiple Choice

Better Advice,a service company,uses reversing entries.On March 31,they posted the following adjusting entry to accrue utility expenses: $$\begin{array} { | l | r | r | } \hline \text { Utility expense } & 650 & \\\hline \text { Accounts payable } & & 650 \\\hline\end{array}$$ Which of the following represents the proper reversing entry to be posted on April 1?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Accounts payable } & 650 & \\
• \hline \text { Utility expense } & & 650 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Utility expense } & 650 & \\
• \hline \text { Accounts payable } & & 650 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 650 & \\
• \hline \text { Utility expense } & & 650 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Utility expense } & 650 & \\
• \hline \text { Accounts receivable } & & 650 \\
• \hline
• \end{array}\]

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Definitions:

High Income

Referring to a level of earnings that substantially exceeds the average for a given population or area.

Self-Advancement

The act of improving one's position, status, or self-interest, often through personal development or career progression.

Welfare

Systems or policies that provide assistance and support to individuals in need to ensure their basic living conditions and well-being are met.

Civil Rights

Rights that protect individuals' freedom and ensure equality under the law, regardless of race, religion, or other characteristics.