how-would-you-record-a-500-utility-bill-that-is-paid-immediately

Question

How would you record a $500 utility bill that is paid immediately?

Accepted Answer

Debit Utilities Expense, Credit Cash

Answer

Debit Cash, Credit Utilities Expense

Answer

Credit Cash, Debit Accounts Payable

Answer

Credit Utilities Expense, Debit Cash

How would you record a \$500 utility bill that is paid immediately?