Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

32//Publix received their $2,500 utility bill on 12/15 and paid it on the same day (12/15). What account is debited and what account is credited

32//Publix received their $2,500 utility bill on 12/15 and paid it on the same day (12/15). What account is debited and what account is credited in the journal entry required on 12/15? (Select ALL that apply)

// Which of the following accounts are permanent accounts? (Select ALL that apply)

Group of answer choices

Revenue

Dividends

Common Stock

Utilities Expense

Retained Earnings

Cash

Deferred Revenue

Supplies

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions