Question
Q/11 If a business pays $2,000 for utilities during a particular month, how will the journal entry look for this transaction? a. Cash $2,000 Utilities
Q/11
If a business pays $2,000 for utilities during a particular month, how will the journal entry look for this transaction?
a.
| Cash | $2,000 | |
| Utilities expense | $2,000 |
b.
| Utilities expense | $2,000 | |
| Cash | $2,000 |
c.
| Utilities payable | $2,000 | |
| Cash | $2,000 |
d.
| Cash | $2,000 | |
| Utilities payable | $2,000 |
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Financial Statements The Ultimate Guide To Financial Statements Analysis For Business Owners And Investors
Authors: Greg Shields
1st Edition
172643320X, 978-1726433204
