A Business Received the Current Month's Utility Bill for $2,125,and

question 106

Multiple Choice

A business received the current month's utility bill for $2,125,and immediately paid it.Which journal entry is prepared?

• A)Debit Accounts Payable for $2,125 and credit Cash for $2,125.
• B)Debit Utilities Payable for $2,125 and credit Cash for $2,125.
• C)Debit Utilities Expense for $2,125 and credit Cash for $2,125.
• D)Debit Operating Expense for $2,125 and credit Accounts Payable for $2,125.

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