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quick multiple choice Williams Company has a policy of paying for all its utilities one month after they receive the bills. In its Utilities Payable

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Williams Company has a policy of paying for all its utilities one month after they receive the bills. In its Utilities Payable account, Williams Company reported $47,000 on January 1, 2013, and $56,000 on December 31, 2013. If cash paid for utilities during the year 2013 was $273,000, what was Williams Company's Utilities Expense for the year 2013? $282,000 $264,000 $329,000 $320,000

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