Moving to another question will save this response. astion 31 A company receives an electric bill for $300 on November 30 , for electricity used Navember 1 - 30 . Payment is due on Dec, 15 . Which ol the following is true? The company should credit a liability on Nov 30 The company should credit cash on Nov 30 . The company should credit Utilities expense on Nov. 30 No journal entry is necessary on Nov 30. Moving to another question will save this response. 575 s500. Moving to another queston wil cove this retponse. $2755 52755 32945 5250 d. Moyns to ancther queston will sere ths respocie. Moving to another question will save this response. restion 2 Q: Which of the following best describes the term "gross profit"? A. The total revenue minus the total expense recognized during a period B. The total revenue minus the related cost of goods sold during a period C. The total assets minus the total liabilities D. Total revenue