Rhyolite Corporation incurred

$20,000

in utility expense, of which

$15,000

was paid in cash and the rest owed on account. What is the correct journal entry?\ Utility Expense 20,000\ Cash

,15,000

\ Notes Payable

,5,000

\ Utlity Expense 20,000\ Cash\

15,000

\ Accounts Payable

,5,000

\ Cash\

15,000

\ Accounts Payable 5,000\ Utility Expense

,20,000

\ Utility Expense 15,000\ Deferred Expense 5,000\ Utility Expense 20,000

Rhyolite Corporation incurred $20,000 in utility expense, of which $15,000 was paid in cash and the rest owed on account. What is the correct journal entry