Question: General Journal Page 1 Date Account & Explanation P.R. Debit Credit Accounts Payable 201 $500 Jan 25 Cash 101 $500 Paid Accounts Payable in full.
General Journal Page 1 Date Account & Explanation P.R. Debit Credit Accounts Payable 201 $500 Jan 25 Cash 101 $500 Paid Accounts Payable in full. How would we post the above journal entry? a.) Accounts Payable is debited and Cash is credited in the General Ledger. b.) Posting a debit to the Cash account and a credit to the Accounts Payable. c.) Accounts Payable is debited and Cash is credited in the General Journal. d.) Cash is debited and Accounts Payable is credited in the Income Summary
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