cincinnati supply, co. is a local supplier to the kraft heinz company, which is the third - largest food and…

cincinnati supply, co. is a local supplier to the kraft heinz company, which is the third - largest food and beverage company in north america and the fifth - largest food and beverage company in the world. cincinnati supply, co. received its telephone bill in the amount of $380, and immediately paid it. cincinnati supply co.s general journal entry to record this transaction will include a\n\ndebit to telephone expenses for $380.\ncredit to accounts payable for $380.\ndebit to cash for $380.\ncredit to telephone expenses for $380.

cincinnati supply, co. is a local supplier to the kraft heinz company, which is the third - largest food and beverage company in north america and the fifth - largest food and beverage company in the world. cincinnati supply, co. received its telephone bill in the amount of $380, and immediately paid it. cincinnati supply co.s general journal entry to record this transaction will include a\n\ndebit to telephone expenses for $380.\ncredit to accounts payable for $380.\ndebit to cash for $380.\ncredit to telephone expenses for $380.

Answer

Brief Explanations:

When a company pays its telephone bill immediately, the telephone expense is increased (debited) as it is an expense account, and cash is decreased (credited) as cash is paid out. Expenses have a normal debit balance. So, recording the telephone bill payment requires a debit to the Telephone Expenses account.

Answer:

A. Debit to Telephone Expenses for $380.