Question: When a company makes a payment for amounts owed from prior purchases, it will record a debit to ______ and a credit to ______. Multiple

When a company makes a payment for amounts owed from prior purchases, it will record a debit to ______ and a credit to ______.

Multiple Choice

  • Cash; an expense

  • Accounts Payable; Retained Earnings

  • Accounts Payable Cash

  • an expense Cash

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