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Forte Company's bookkeeper received and paid the monthly utility bill of $650 and the monthly...

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Accounting

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Forte Company's bookkeeper received and paid the monthly utility bill of $650 and the monthly telephone bill of $250 when due. The following entry was made DR Cash $900, CR Telephone expense $250 CR Utility expense $650. What correcting entry should be made? . Debit Credit Telephone expense 500 Utility expense 650 Cash 1,150 OB Debit Credit Cash 1.800 Telephone expense 250 Utility expense 650 Retained caminos 900 Od Debit Credit Telephone expense 250 Utility expenso 650 Cash 900 00 Debit Credit Telephone expense 500 Utility expense 1,300 Cash 1,800

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