Question: 2. The Journal entry to record a payment on account to Trade Suppliers requires: Debit Accounts Receivable, and credit Retained Earnings Debit Accounts Payable,

2. The Journal entry to record a payment on account to Trade Suppliers requires: Debit Accounts Receivable, and credit Retained Earnings Debit Accounts Payable, and credit Retained Earnings Debit Accounts Payable, and credit Cash Debit Accounts Receivable, and credit Cash NONE of the above.

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