Clement Company paid an account payable related to a previous utility bill of $1,000. This transaction should be recorded as follows on the payment date:
A. Debit Cash $1,000, credit Utilities Expense $1,000.
B. Debit Accounts Payable $1,000, credit Cash $1,000.
C. Debit Utilities Expense $1,000, credit Cash $1,000.
D. Debit Cash $1,000, credit Accounts Payable $1,000.
Answer: B
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