Jose Consulting paid $880 cash for utilities for the current month. Determine the general journal entry that Jose Consulting will make to record this transaction.
A.
| Cash | 880? | |
| Accounts Payable | 880? |
B.
| Utilities Expense | 880? | |
| Cash | 880? |
C.
| Utilities Expense | 880? | |
| Accounts Payable | 880? |
D.
| Prepaid Utilities | 880? | |
| Accounts Payable | 880? |
E.
| Cash | 880? | |
| Utilities Expense | 880? |
Answer: B
Business
You might also like to view...
What is the purpose of profitability control?
What will be an ideal response?
Business
Describe common perceptual biases with examples.
What will be an ideal response?
Business
When disposing of equipment, Accumulated Depreciation is debited for the existing carrying value
Indicate whether the statement is true or false
Business
Which of the following is NOT an organizational pattern that would lend itself well to a speech on an event or a person?
a. Topical b. Spatial c. Causal d. Chronological
Business