b When a company receives a utility bill but will not pay it right away, it...

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b When a company receives a utility bill but will not pay it right away, it should make no entry until the bill is paid. debit Utilities Expense and credit Accounts Payable. debit Utilities Expense and credit Accounts Receivable. debit Accounts Payable and credit Utilities Expense. b When a company receives a utility bill but will not pay it right away, it should make no entry until the bill is paid. debit Utilities Expense and credit Accounts Payable. debit Utilities Expense and credit Accounts Receivable. debit Accounts Payable and credit Utilities Expense.