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112) Jose Consulting paid $500 cash for utilities for the current month. Determine the general journal entry that Jose Consulting will make to record this transaction. A) Utilities Expense 500 Cash 500 B) Cash Utilities Expense

500

C) Cash Accounts Payable

500

D) Utilities Expense Accounts Payable

500

E) Prepaid Utilities Accounts Payable

500

500

500

500

500

Answer: A Difficulty: 2 Medium Topic: Analyzing Transactions; Journal Entries Learning Objective: 02-A1 Analyze the impact of transactions on accounts and financial statements.; 02-P1 Record transactions in a journal and post entries to a ledger. Bloom's: Apply AACSB/Accessibility: Analytical Thinking / Keyboard Navigation AICPA: BB Industry; FN Measurement

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