Author Question: The payment of a utility bill (like electricity) for the month would include a. debiting Capital ... (Read 660 times)

WhattoUnderstand

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The payment of a utility bill (like electricity) for the month would include
 a. debiting Capital and crediting Accounts Payable.
   b. debiting Cash and crediting Utilities Expense.
   c. debiting Utilities Expense and crediting Accounts Payable.
   d. debiting Utilities Expense and crediting Cash.

Question 2

For January, budgeted cash payments for purchases are ________.
 
  A) 100,000
  B) 70,000
  C) 65,000
  D) 50,000



leannegxo

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Answer to Question 1

d

Answer to Question 2

Answer: C



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