Jose Consulting paid $500 cash for utilities for the current month. Determine the general journal entry that Jose Consulting will make to record this transaction.
A) $\begin{array}{|l|r|r|}
\hline \text { Utilities Expense } & 500 & \
\hline \text { Cash } & & 500 \
\hline
\end{array}$
B) $\begin{array}{|l|l|l|}
\hline \text { Cash } & 500 & \
\hline \text { Utilities Expense } & & 500 \
\hline
\end{array}$
C) $\begin{array}{|l|l|l|}
\hline \text { Cash } & 500 & \
\hline \text { Accounts Payable } & & 500 \
\hline
\end{array}$
D) $\begin{array}{|l|l|l|}
\hline \text { Utilities Expense } & 500 & \
\hline \text { Accounts Payable } & & 500 \
\hline
\end{array}$
E) $\begin{array}{|l|l|l|}
\hline \text { Prepaid Utilities } & 500 & \
\hline \text { Accounts Payable } & & 500 \
\hline
\end{array}$

Question

Quizplus · Accepted Answer

The correct journal entry is to debit Utilities Expense for $500 and credit Cash for $500, reflecting the payment of cash for utilities.

Jose Consulting Paid $500 Cash for Utilities for the Current Utilities Expense 500 Cash 500\begin{array}{|l|r|r|}\hline \text { Utilities Expense } & 500 & \\\hline \text { Cash } & & 500 \\\hline\end{array} Utilities Expense Cash ​500​500​​

Jose Consulting Paid $500 Cash for Utilities for the Current $\begin{array}{|l|r|r|}\hline \text { Utilities Expense } & 500 & \\\hline \text { Cash } & & 500 \\\hline\end{array}$