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A company incurred $200 in utilities for the month of June though they have not received a bill yet. Record the Accrued Expense adjusting entry:

Utilities Payable (debit) 200

Cash (credit) 200

Cash (debit) 200

Utilities Expense (credit) 200

Utilities Expense (debit) 200

Utilities Payable (credit) 200

None of these are correct

A company incurred $200 in utilities for the month of June though they have not received a bill yet. Record the Accrued Expense adjusting entry:

		Utilities Payable (debit) 200 Cash (credit) 200
		Cash (debit) 200 Utilities Expense (credit) 200
		Utilities Expense (debit) 200 Utilities Payable (credit) 200
		None of these are correct

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