At the end of December, Berber Company receives a utility bill for $920 associated with its December operations. Berber will pay the bill on January 5. On December 31, Berber should Multiple choice question. debit Utilities Expense and credit Utilities Payable not make any journal entry since the bill will not be paid until January debit Utilities Expense and credit Cash debit Prepaid Expense and credit Utilities Payable debit Utilities Payable and credit Utilities Expense
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