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Edison Consulting received a $300 utilities bill and immediately paid it. Edison's general journal entry to record this transaction will include a:'

Sagot :

Edison's general journal entry to record this transaction will include a:Credit to Utilities Expense for $300.

Journal entry

Assuming the Consulting company received the amount of $300 utilities bill in which they immediately paid it, the appropriate journal entry to record this transaction will be to Credit to Utilities Expense for $300.

Edison Consulting journal entry

Debit Cash $300

Credit to Utilities Expense for $300

(To record utilities expense)

Inconclusion Edison's general journal entry to record this transaction will include a:Credit to Utilities Expense for $300.

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