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hammer [34]
2 years ago
5

A company received a bill of $3,500 for utilities used in the current month. The journal entry to record this event: A. is not r

equired; no journal entry should be prepared until the utilities bill is paid. B. will include a credit to Accounts Payable for $3,500. C. will include a credit to Utilities Expense. D. will include a debit to Accounts Receivable for $3,500.
Business
1 answer:
lisabon 2012 [21]2 years ago
3 0

Answer:

B. will include a credit to Accounts Payable for $3,500.

Explanation:

<em>The journal entry to record Utilities bill for current month: </em>

Account details           Debit    Credit

Utilities expense          $3,500

  Accounts Payable                   $3,500

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2 years ago
The current property taxes on a parcel are $1,743.25 and have not been paid. If the sale is to be closed on August 12, what is t
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3 years ago
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3 years ago
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scZoUnD [109]

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4 0
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