On September 30,Ambiance Inc

On September 30,Ambiance Inc.receives its electric bill for the month of September in the amount of $300.Ambiance sets the bill aside since it is not yet due.How would Ambiance record this transaction?

A) Cash decreases by $300 and Utilities Expense increases by $300.
B) Accounts Payable increases by $300 and Utilities Expense increases by $300.
C) Accounts Payable decreases by $300 and Utilities Expense increases by $300.
D) Cash decreases by $300 and Accounts Payable decreases by $300.
E) Cash increases by $300 and Utility Expense decreases by $300.