Edison Consulting Received a $300 Utilities Bill and Immediately Paid

question 237

Multiple Choice

Edison Consulting received a $300 utilities bill and immediately paid it.Edison's general journal entry to record this transaction will include a:

• A)Debit to Utilities Expense for $300.
• B)Credit to Accounts Payable for $300.
• C)Debit to Cash for $300.
• D)Credit to Utilities Expense for $300.
• E)Debit to Accounts Payable for $300.

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Definitions:

Mental Defect

An outdated and offensive term that was previously used to describe a range of intellectual disabilities or cognitive impairments.

American Law Institute (ALI)

An independent organization in the United States that produces scholarly work to clarify, modernize, and otherwise improve the law.

M'Naghten

Refers to the M'Naghten Rule, a legal standard for determining the insanity of a defendant, based on their ability to understand right from wrong at the time of the crime.