Bill Company paid a previously unrecorded utility bill of $1,000 on January 31st for the month of January. Which of the following is included in the journal entry on January 31st?

Group of answer choices

A DEBIT Utility Payable $1,000

A DEBIT Utility Expense $1,000

A CREDIT Prepaid Utility Expense $1,000

A CREDIT Utility Expense $1,000

A DEBIT Prepaid Utility Expense $1,000

A CREDIT Utility Payable $1,000

A DEBIT Utility Expense $1,000

Explanation:

Utilities are expenses to a business. The unrecorded utility bill increases the amount of business expenses. As per the accounting principles, an increase in expenses is debited. The utility expenses account will be debited by $1000.

you get a crown by getting lots of points and you get points by answering other peoples questions

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know