At 30 June, a business owes $1,800 in electricity charges for the month, which will be paid in July. No entry has yet been recorded. What adjusting entry should be made?

Question

Answer

Dr Electricity Expense $1,800; Cr Electricity Payable $1,800

Answer

Dr Accounts Payable $1,800; Cr Electricity Expense $1,800

Answer

Dr Electricity Expense $1,800; Cr Accounts Receivable $1,800

Answer

Dr Electricity Payable $1,800; Cr Cash $1,800

Crowdly

At 30 June, a business owes $1,800 in electricity charges for the month, which w...

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