Muscat Company Paid R.O 1, 900 on the balance owed for Utilities incurred last month. Which of the following journal entries is recorded correctly and in the standard format? Select the correct answer: Select one: O a. Cash 1,900 Utilities Expense. 1,900 Ob. Utilities Expense 1,900 Account Payable 1,900 Oc. Account Payable 1,900 Cash 1,900 O d. Utilities Expense 1,900 Cash 1,900 O e. No entry-not a transaction Clear my choice

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Muscat Company Paid R.O 1, 900 on the balance owed for Utilities incurred last month. Which of the following journal entries is
recorded correctly and in the standard format?
Select the correct answer:
Select one:
O a. Cash
1,900
Utilities Expense.
1,900
O b. Utilities Expense
1,900
Account Payable
1,900
O c.
Account Payable
1,900
Cash
1,900
O d. Utilities Expense
1,900
Cash
1,900
O e. No entry-not a transaction
Clear my choice
Transcribed Image Text:Muscat Company Paid R.O 1, 900 on the balance owed for Utilities incurred last month. Which of the following journal entries is recorded correctly and in the standard format? Select the correct answer: Select one: O a. Cash 1,900 Utilities Expense. 1,900 O b. Utilities Expense 1,900 Account Payable 1,900 O c. Account Payable 1,900 Cash 1,900 O d. Utilities Expense 1,900 Cash 1,900 O e. No entry-not a transaction Clear my choice
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