Your Best Advisors, a service company, uses reversing entries. On March 31, 2016, they journalized and posted the following adjusting entry to accrue Utilities Expense: Which of the following entries is the correct reversing entry to be prepared on April 1, 2016?

Question

Your Best Advisors, a service company, uses reversing entries. On March 31, 2016, they journalized and posted the following adjusting entry to accrue Utilities Expense:  Which of the following entries is the correct reversing entry to be prepared on April 1, 2016?

Quizplus · Accepted Answer

The Answer of Your Best Advisors, a service company, uses reversing entries. On March 31, 2016, they journalized and posted the following adjusting entry to accrue Utilities Expense:  Which of the following entries is the correct reversing entry to be prepared on April 1, 2016?

Your Best Advisors, a Service Company, Uses Reversing Entries