Introduction to Adjusting Journal Entries and Prepaid Expenses Video Lessons

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Problem: In January, Langhurst Company paid $9,000 for utilities, repairs, and maintenance of delivery vehicles. Which of the following is the correct journal entry for recording this transaction? A) Other Expenses and Losses $9,000, Cash $9,000 B) General and Administrative Expenses $9,000, Accounts Payable $9,000 C) General and Administrative Expenses $9,000, Cash $9,000 D) Prepaid Expenses $9,000, Cash $9,000

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In January, Langhurst Company paid $9,000 for utilities, repairs, and maintenance of delivery vehicles. Which of the following is the correct journal entry for recording this transaction?

A) Other Expenses and Losses $9,000, Cash $9,000

B) General and Administrative Expenses $9,000, Accounts Payable $9,000

C) General and Administrative Expenses $9,000, Cash $9,000

D) Prepaid Expenses $9,000, Cash $9,000

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