Question

Amalia Company received its utility bill for the current period
of $700 and immediately paid it. Its journal entry to
record this transaction includes a
a. Credit to Utility Expense for $700.
b. Debit to Utility Expense for $700.
c. Debit to Accounts Payable for $700.
d. Debit to Cash for $700.
e. Credit to capital for $700.

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