Question 8 For the journal entry-Dr. Accounts Payable 400; Cr. Cash 400, what is the correct analysis of the journal entry? A. Accounts Payable, Asset, increases; Cash, Asset Decreases B. Accounts Payable, Liability, increases; Cash, Asset Decreases C. Accounts Payable, Liability, Decreases, Cash, Asset Decreases D. Accounts Payable, Liability, Decreases; Cash, Asset Increases E. None of the above Question 9 What is the correct definition of current liabilities? A. Current liabilities must be paid with cash or with goods and services within one year or within the entity's operating cycle, if the cycle is shorter than a year. B. Current liabilities must be paid with cash or with goods and services within one year or within the entity's operating cycle, if the cycle is longer than a year C. Current liabilities must be paid with cash or with goods and services within more than one year or within the entity's operating cycle, if the cycle is longer than a year, D. Current liabilities must be paid with cash or with goods and services within more than one year or within the entity's operating cycle, if the cycle is shorter than a year