BUSINESS 1001-which of the following entries would record the

BUSINESS 1001-which of the following entries would record the payment of a utility bill

Subject: Business    / Accounting
Question

44-which of the following entries would record the payment of a utility bill ?

a) utilities expense, debit, cash , credit

b) cash debit , utilities expenses, credit

c) utilities expense, debit, accounts payable, credit

d) accounts receivable, debit, utilities expenses, credit

45- on july 1 Hill’s construction paid six months’insurance in advance. the journal entry to record this transaction is:

a) debit prepaid insurance, credit cash

b) debit insurance expense, credit cash

c) debit cash, credit prepaid insurance

debit cash, credit insurance expense

46- Riley’s book review billed customers $450. the journal entry to record this transaction is:

a) accounts receivable debit $450, editing fees credit $450

b) editing fees debit $450, Riley, capital credit $450

c) accounts payable debit$450, editing fees credit $450

d) accounts payable debit $450, Riley, Capital credit $450

47-if accounts payable has been credited, it is most likely that;

a) a collection from a customer was made

b) a service was provided to a cash customer

c) the company made a purchase on account.

d) none of these are possible