On December 31, 2015 Carmack Company received a $215 utility bill for December that it will not pay until January 15. The adjusting entry needed on…
On December 31, 2015 Carmack Company received a $215 utility bill for December that it will not pay until January 15. The adjusting entry needed on December 31 to accrue this expense isa. Debit Utilities Expense $215; credit Accounts Payable $215.
Leave a Reply
Want to join the discussion?Feel free to contribute!