A company receives a $400 utility bill for the current month but does not plan to pay the bill until early next month. Record the receipt of the utility bill using (a) accrual-basis accounting and (b) cash-basis accounting. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 2 > Record the receipt of the utility bill using accrual-basis accounting. Note: Enter debits before credits. General Journal Debit Credit Event (a) Record entry Clear entry View general Journal