Rocky Industries Received Its Telephone Bill in the Amount of $300

question 180

Multiple Choice

Rocky Industries received its telephone bill in the amount of $300, and immediately paid it. Rocky's general journal entry to record this transaction will include a

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