Debit to utilities revenue and debit to cash

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Reference no: EM131560890

Seconds Best Retail Store receives and immediately pays a $3,500 utility bill from the City Gas & Electric Company. City Gas & Electric Company will record the receipt of this payment with a journal entry that includes a: credit to Accounts Payable. credit to Utilities Expense. debit to Utilities Revenue. debit to Cash.

Reference no: EM131560890

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Debit to utilities revenue and debit to cash : credit to Accounts Payable. credit to Utilities Expense. debit to Utilities Revenue. debit to Cash.

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