On Dec 28th Victor received the Utility bill for the month of December. He has not yet paid it but plans to pay it on January 5th. It was for $280. What do i debit and credit to utility expense and utilities?

2 answers

i think you debit the utilitie expense and credit cash because you are going to pay cash, which cash is decreasing so it goes on the credit side.
thanks would i debit $280?
Similar Questions
  1. Office of Bureau of Refugees Freedmen S.C.for Robeson Co Lumberton Aug 28th 1865 This instrument witnesseth that Robert Mc
    1. answers icon 1 answer
  2. Office of Bureau of Refugees Freedmen S.C.for Robeson Co Lumberton Aug 28th 1865 This instrument witnesseth that Robert Mc
    1. answers icon 1 answer
  3. Office of Bureau of Refugees Freedmen S.C.for Robeson Co Lumberton Aug 28th 1865 This instrument witnesseth that Robert Mc
    1. answers icon 1 answer
  4. Write a professional letterJust checking in for the the month of December 2024 to see if you need our food services. Our
    1. answers icon 1 answer
more similar questions