An electricity bill of $550 for June has not been recorded and will not be paid until next month. What adjusting entry is required as of 30 June?

Select one:

a.Debit electricity payable $550; Credit electricity expense $550

b.Debit electricity expense $550; Credit cash $550

c.Debit electricity payable $550; Credit cash $550

d.Debit electricity expense $550; Credit electricity payable $550