When a Company Pays Utilities of $1,800 in Cash,the Transaction

question 153

Multiple Choice

When a company pays utilities of $1,800 in cash,the transaction is recorded as:

• A)Debit Utilities Expense $1,800,credit Utilities Payable $1,800.
• B)Debit Utilities Payable $1,800,credit Cash $1,800.
• C)Debit Cash $1,800,credit Utilities Expense $1,800.
• D)Debit Utilities Expense $1,800,credit Cash $1,800.

Understand the significance of conditional and unconditional positive regard in personality development.

Understand the concept and importance of social networks.

Analyze the dynamics of conformity and authority in social behavior.

Identify factors that contribute to the effectiveness of genocides.

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Definitions:

Activity-based Costing

A costing method that assigns costs to products or services based on the activities they require, aiming to provide more accurate cost information.

Batch Setup

The process and cost associated with configuring production equipment or facilities to manufacture a batch of a specific item.

Estimated Overhead Cost

The expected indirect costs of production or operations, such as utilities and rent, that do not directly tie to a specific product.

Facility-level Costs

Costs that are incurred to maintain and operate a physical facility or plant, applicable regardless of production volume or the products made.