Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

Able Graphics received a $840 utility bill for the current month's electricity. It is not due until the end of the next month which is

Able Graphics received a $840 utility bill for the current month's electricity. It is not due until the end of the next month which is when they intend to pay it. Which of the following general journal entries will Able Graphics make to record this transaction?

Multiple Choice

No journal entry is required

Utilities Expense 840

Accounts Payable 840

Cash 840

Utilities Expense 840

Accounts Payable 840

Utilities Expense 840

Utilities Expense 840

Cash 840

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

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

Question

=+ (b) Generalize Example 8.15: Let S be a finite group, let p(i) be probabilities, and put p .; = p(j . i '), where product and inverse refer to the group operation.

Answered: 1 week ago

Question

★★★★★

Yummy, Inc., had 310,000 shares of $1 par common stock issued and outstanding as of December 1, 2012. The company is authorized to issue 1,400,000 common shares. On December 15, 2012, Yummy declared...

Answered: 1 week ago

Question

★★★★★

When your computer is ifercted with virus or malware it may demonstrate the following symptoms choose all that apply a new toolbar installed without your knowledge or permission that can often be...

Answered: 1 week ago

Question

★★★★★

Flora Gonzalez visited a Wal-Mart store. While walking in a busy aisle from the store's cafeteria toward a refrigerator, Gonzalez stepped on some macaroni that came from the cafeteria. She slipped...

Answered: 1 week ago

Question

★★★★★

As shown in Fig. 4.60, a horizontal beam is hinged to the wall at point A. The length of the beam is 1 = 2 m and it weighs W = 150 N. Point C is the center of gravity of the beam and it is...

Answered: 1 week ago

Question

★★★★★

GL0202 (Algo) - Based on Exercise 2-13 Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated...

Answered: 1 week ago

Question

★★★★★

Create a function bookend_list that consumes a list of integers as a parameter and returns the first and last elements as a new list. If the original list is empty, return an empty list instead. Unit...

Answered: 1 week ago

Question

★★★★★

RST, Inc. 2018 Statement of comprehensive income Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Dividends paid Addition to...

Answered: 1 week ago

Question

★★★★★

The equity section of Benton Corporation's statement of financial position as of December 31, 2018 is as follows: Equity Share capital-ordinary 5 par value; authorized, 2,000,000 shares; issued,...

Answered: 1 week ago

Previous Question Next Question