If a company incurs a utilities expense on March 27th but does not pay this expense until the next accounting period the journal entry includes: 

A) debit to utilities payable and a credit to accounts receivable 

B) debit to utilities payable and a credit to utilities expense 

C) debit to utilities expense and a credit to utilities payable 

D) debit to accounts receivable and a credit to utilities payable

Answer rating: 100% (QA)

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