In which of the following transactions would Utilities Expense be debited:
A)the company paid a utility bill on account
B)the company received and paid a bill for utilities
C)the company received a bill for utilities to be paid the following month
D)both A and B

Question

Quizplus · Accepted Answer

Utilities Expense is debited when the company pays a bill for utilities, whether it is paid immediately or on account. Therefore, in transactions A and B, Utilities Expense would be debited.

In Which of the Following Transactions Would Utilities Expense Be