Jose Consulting paid $500 cash for utilities for the current month. Determine the general journal entry that Jose Consulting will make to record this transaction.
A.
Cash | 500 | |
Accounts Payable | 500 |
B.
Prepaid Utilities | 500 | |
Accounts Payable | 500 |
C.
Cash | 500 | |
Utilities Expense | 500 |
D.
Utilities Expense | 500 | |
Cash | 500 |
E.
Utilities Expense | 500 | |
Accounts Payable | 500 |
Answer: D
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