a company paid $1,000 cash for this months utilities. identify the general journal entry below that the…

a company paid $1,000 cash for this months utilities. identify the general journal entry below that the company will make to record the transaction.\n\naccount title debit credit\ncash 1,000\nutilities expense 1,000\n\naccount title debit credit\naccounts receivable 1,000\nutilities expense 1,000\n\naccount title debit credit\ncash 1,000\naccounts payable 1,000\n\naccount title debit credit\nutilities expense 1,000\naccounts receivable 1,000\n\naccount title debit credit\nutilities expense 1,000\ncash 1,000

a company paid $1,000 cash for this months utilities. identify the general journal entry below that the company will make to record the transaction.\n\naccount title debit credit\ncash 1,000\nutilities expense 1,000\n\naccount title debit credit\naccounts receivable 1,000\nutilities expense 1,000\n\naccount title debit credit\ncash 1,000\naccounts payable 1,000\n\naccount title debit credit\nutilities expense 1,000\naccounts receivable 1,000\n\naccount title debit credit\nutilities expense 1,000\ncash 1,000

Answer

Brief Explanations:

When a company pays for utilities in cash, it increases the Utilities Expense (debit) as expenses are debited when they increase. At the same time, it decreases the Cash account (credit) as cash is an asset and assets are credited when they decrease.

Answer:

Account Title Debit Credit
Utilities Expense 1,000
Cash 1,000