Question

journal entry of paid electricity bill​

Answer 1

Answer:

Paid utility bill $1,200. We analyzed this transaction to increase utilities expense and decrease cash since we paid cash. To increase an expense, we debit and to decrease an asset, use credit.

Answer 2

Answer:

paid utility bill $1,200. we analyse this transaction to utilities expense and decrease cash since we paid cash. to increase an expense, with a debit and two decrease an asset.use credit.

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