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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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False

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A team-based new product development approach is used to develop products faster and to be able to sell them faster. This approach does not require that each department finishes its stage before passing to the next one. Instead, several departments work together simultaneously.

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How quickly must you file a report with the michigan dnr if property damage exceeds $2,000?.
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The Pan American Bottling Co. is considering the purchase of a new machine that would increase the speed of bottling and save mo
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Answer:

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See the attached pictures for detailed explanation.

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Let r and s be relations with no indices, and assume that the relations are not sorted. Assuming infinite memory, what is the lo
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A. The economic definition of a cartel is:
solniwko [45]

Answer:

A) Competing firms working together to fix prices and output.

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C) Illegal

Explanation:

A cartel is when a group of competing producers of a good collude together for their own economic good and benefits. They generally form oligopolistic market structures with coordination and thus can take decision on restricting production of a articular good and influencing prices for their own good.

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Hope that helps.

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