Saved Help Save & Exit A company has an asset account, prepaid utilities, with a balance of $3,750 at the beginning of the month. The company used $980 of utilities during the month. Which of the following statements is true? Multiple Choice O The company should credit utility expenses for $980 and debit prepaid utilities for $980. Retained earnings and shareholders' equity should be unchanged by this transaction. Retained earnings and shareholders' equity should decrease because of this transaction. The company should credit accrued liabilities for $980 and debit utility expenses for $980. search O W m P 2'C Cloudy 6 06040 acer