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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
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
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