The journal entry to record a payment on account will a. Debit Accounts Payable and credit Retained
Question:
The journal entry to record a payment on account will
a. Debit Accounts Payable and credit Retained Earnings.
b. Debit Expenses and credit Cash.
c. Debit Cash and credit Expenses.
d. Debit Accounts Payable and credit Cash.
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Answer The correct answer is d Debit Accounts Payable and Credit Cash Option a i...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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