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A Business Receives a Bill for Utilities but Decides to Pay

Question 58

Multiple Choice

A business receives a bill for utilities but decides to pay it next month.The business would record the receipt of the bill by:


A) Debiting Accounts Payable;Crediting Utilities Expense
B) Debiting Utilities Expense;Crediting Accounts Receivable
C) Debiting Utilities Expense;Crediting Accounts Payable
D) Debiting Utilities Expense;Crediting Cash

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