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    davidwicoff's Avatar
    davidwicoff Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 17, 2014, 10:19 AM
    Unpaid and unrecorded invoices for utilities for December amounted to $1,500.
    Unpaid and unrecorded invoices for utilities for December amounted to $1,500.

    Iknow you debit Utilities expense, and my other options for credit are:
    Cash
    Accounts receivable
    Supplies
    Equipment
    Accumulated depreciation
    Accounts payable
    Unearned revenue
    Notes payab;e
    Capital stock
    Retained Earning.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Feb 18, 2014, 01:00 AM
    well are we dealing with simple accounting journal entries I can see two possibilities depending upon how your accounts are structured but seriously this is a no-brainer for a beginner who has read a text book

    clue for the clueless, when all else fails cash is the default
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