Suppose a company received a $2,500 utility bill for the month of March but has not yet recorded the transaction or paid the bill. What adjusting entry is necessary at March 31?
A) Utilities Expense 2,500Utilities Payable 2,500
B) Utilities Expense 2,500Cash 2,500
C) Utilities Payable 2,500Utilities Expense 2,500
D) No Entry
A
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