ABC Company must record a journal entry at year end that debits Utilities Payabl
ID: 2608056 • Letter: A
Question
ABC Company must record a journal entry at year end that debits Utilities Payable and credits Cash ABC Company must record a journal entry at year end that debits Utilities Payable and credits Utilities Expense no adjustment is required at year end; the bill will be recorded when it is paid on Jan 8 ABC Company must record a journal entry at year end that debits Utilities Expense and credits Utilities Payable ABC Company must record a journal entry at year end that debits Utilities Expense and credits Cash
Explanation / Answer
Entry for recording the payment of utilities bills is
Utilities Expense Dr
To Cash