Question
Entity H received a cellphone bill that it paid immediately. The journal entry to record this transaction will include: a debit to Prepaid Utilities and
Entity H received a cellphone bill that it paid immediately. The journal entry to record this transaction will include:
| a debit to Prepaid Utilities and a credit Cash | ||
| a debit to Utility Expense and a credit to Accounts Payable | ||
| a debit to Utility Expense and a credit to Cash | ||
| a debit to Prepaid Utilities and a credit to Accounts Payable |
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Financial Accounting An Introduction to Concepts, Methods and Uses
Authors: Roman L. Weil, Katherine Schipper, Jennifer Francis
14th edition
978-1111823450, 1-133-36617-1 , 1111823456, 978-1-133-3661, 978-1133591023
