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Author Question: The payment of a utility bill (like electricity) for the month would include a. debiting Capital ... (Read 251 times)

WhattoUnderstand

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on: Jul 5, 2018
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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Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

Answer: C


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WhattoUnderstand

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Reply #2 on: Jul 5, 2018
Thank you :)


leannegxo

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Reply #3 on: Jul 5, 2018
Happy to help you


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