Question 9

1. Browse Books, Inc., received and paid its utility bill of $250. As the accountant, you would tell the bookkeeper to

   		debit Cash and credit Utility Expense for $250.
   		debit Cash and credit Utility Payable for $250.
   		debit Utility Receivable and credit Cash for $250.
   		debit Utility Expense and credit Cash for $250.
   		debit Cash and credit Retained Earnings for $250.

1 points

Question 10

1. A company began operations and purchased $5,000 of supplies. By year-end, $3,200 were still on hand. The year-end entry would include a

   		credit to Supplies Expense for $1,800.
   		credit to Supplies Expense for $3,200.
   		debit to Supplies Expense for $1,800.
   		debit to Supplies Expense for $3,200.
   		debit to Supplies for $5,000.