Homework Help: accounting

Posted by jess on Tuesday, October 14, 2008 at 4:44pm.

On Dec 28th Victor received the Utility bill for the month of December. He has not yet paid it but plans to pay it on January 5th. It was for $280. What do i debit and credit to utility expense and utilities?

accounting - b, Tuesday, October 14, 2008 at 5:54pm
i think you debit the utilitie expense and credit cash because you are going to pay cash, which cash is decreasing so it goes on the credit side.
accounting - jess, Tuesday, October 14, 2008 at 9:12pm
thanks would i debit $280?

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