Post a New Question

accounting

posted by .

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 -

    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 -

    thanks would i debit $280?

Answer This Question

First Name
School Subject
Your Answer

Related Questions

More Related Questions

Post a New Question