Edison Consulting Received a $300 Utilities Bill and Immediately Paid

question 237

Multiple Choice

Edison Consulting received a $300 utilities bill and immediately paid it.Edison's general journal entry to record this transaction will include a:

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

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Definitions:

Torts

Legal wrongs committed against a person or property, excluding breach of contract, for which the law provides a remedy.

Guarantees

Promises or assurances, usually in writing, that certain conditions will be fulfilled, often relating to the quality or durability of a product or service.

Parental Responsibility

The legal term for the duties, powers, responsibilities, and authority that most parents have in relation to their children, covering their care, property, and education.

Negligent

An individual or entity's failure to take reasonable care, resulting in harm or damage to others.