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A few days before the end of the month a bill for $100 is received for the company's cell phone service for the month. How
A few days before the end of the month a bill for $100 is received for the company's cell phone service for the month. How do you record this invoice if you intend to pay the bill in a couple of weeks?
| Debit | Credit |
A. Utilities Expense | $100 |
|
Accounts Payable |
| $100 |
|
|
|
B. Telephone Expense | $100 |
|
Cash |
| $100 |
|
|
|
C. Accounts Payable | $100 |
|
Telephone Expense |
| $100 |
|
|
|
D. Cash | $100 |
|
Telephone Expense |
| $100 |
B
D
C
A
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