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Question 24 Not yet answered Marked out of 1.00 P Flag question A customer received and then paid an $18,000 utility bill from West Haven
Question 24 Not yet answered Marked out of 1.00 P Flag question A customer received and then paid an $18,000 utility bill from West Haven Natural Gas Company. The journal entry by West Haven Natural Gas Company to record receipt of the payment would include: Select one: O A. A credit to Accounts Payable O B. A credit to Utilities Revenue C. A credit to Accounts Receivable D. A debit to Accounts Receivable O Question 25 Not yet answered Marked out of 1.00 P Flag question Stone Circle Company purchased a new car for $135,000 by paying $54,000 cash, and trading in an old car with a recorded net cost and market value of $45,000. They also signed a Note for $36,000. The required journal entry will not 0 Select one: O A. Credit Notes Payable for $45,000 O B. Debit New Car for $135,000 C. Credit Notes Payable for $36,000 o D. Debit Notes Payable for $36,000 0
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