Your Business Advisor,a Consulting Company,uses Reversing Entries $\begin{array}{|l|c|c|}\hline\text { Utilities Expense } & 100 \\\hline \text { Utilities Payable } &&100 \\\hline\end{array}$

question 37

Multiple Choice

Your Business Advisor,a consulting company,uses reversing entries.On March 31,2018,the bookkeeper journalized and posted the following adjusting entry to accrue Utilities Expense: $\begin{array}{|l|c|c|}\hline\text { Utilities Expense } & 100 \\\hline \text { Utilities Payable } &&100 \\\hline\end{array}$ Which of the following entries is the correct reversing entry to be prepared on April 1,2018?

• A) \(\begin{array}{|l|r|r|}
• \hline \text { Utilities Payable} &100\\
• \hline \text { Utilities Payable} &&100\\
• \hline
• \end{array}\)
• B) \(\begin{array}{|c|c|c|}
• \hline \text { Utilities Expense } & 100 \\
• \hline \text { Income Summary } & & 100 \\
• \hline
• \end{array}\)
• C) \[\begin{array} { |l | r | r | }
• \hline \text { Cash } & 100 \\
• \hline \text { Utilities Expense } & & 100 \\
• \hline
• \end{array}\]
• D) \(\begin{array}{|c|c|c|}
• \hline \text { Utilities Expense } & 100 \\
• \hline \text { Accounts Receivable } & & 100 \\
• \hline
• \end{array}\)

---

Definitions:

Institutionalized Conflict

Conflict that arises within institutions or organizations due to structural imbalances, power dynamics, or differing interests and goals.

Revise Organizational Policies

The process of reviewing and updating the rules, guidelines, and procedures that govern an organization to ensure they remain relevant and effective.

Stable Self-Concept

A consistent and coherent sense of self that remains unchanging over time.

Inner Conflict

A psychological struggle within oneself, often between competing desires or needs.