Asked by Claire Fening on Jun 14, 2024
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Utilities Expense 430
Cash 430
A)Journal entries
B)Adjusting journal entries
C)Closing journal entries
Utilities Expense
The cost incurred by businesses or households for the consumption of utilities like electricity, water, and gas.
Journal Entries
A record of financial transactions in accounting, documenting the debit and credit effects on specific accounts.
Adjusting Journal Entries
Journal entries made in an accounting period to allocate revenue and expenses to the period in which they actually occurred.
- Gain insight into the significance and diversity of journal entries used in accounting procedures.
Verified Answer
OG
Learning Objectives
- Gain insight into the significance and diversity of journal entries used in accounting procedures.