Amalia Company received its utility bill for the current period of $700 and immediately paid it. Its

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Amalia Company received its utility bill for the current period of $700 and immediately paid it. Its journal entry to record this transaction includes a

a. Credit to Utility Expense for $700.

b. Debit to Utility Expense for $700.

c. Debit to Accounts Payable for $700.

d. Debit to Cash for $700.

e. Credit to Common Stock for $700.

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College Accounting Ch 1-14

ISBN: 9781260904314

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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Question Posted: Mar 10, 2024 10:00 AM

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Amalia Company received its utility bill for the current period of $700 and immediately paid it. Its

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College Accounting Ch 1-14

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