Clement Company Paid an Account Payable Related to a Previous

question 1

Multiple Choice

Clement Company paid an account payable related to a previous utility bill of $1,000.This transaction should be recorded as follows on the payment date:

• A)Debit Accounts Payable $1,000,credit Cash $1,000.
• B)Debit Cash $1,000,credit Accounts Payable $1,000.
• C)Debit Utilities Expense $1,000,credit Cash $1,000.
• D)Debit Cash $1,000,credit Utilities Expense $1,000.

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