On February 4, ARU Company receives and pays a utility bill for the month of January. Is

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On February 4, ARU Company receives and pays a utility bill for the month of January. Is it necessary to make an adjusting entry for January? Why or why not? If yes, specify the name and type of accounts that need to be adjusted and whether the accounts should be increased or decreased.
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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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