The journal entry to record a payment on account will a. Debit Accounts Payable and credit Retained

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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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Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Question Posted: May 21, 2020 03:10 AM

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The journal entry to record a payment on account will a. Debit Accounts Payable and credit Retained

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Answer The correct answer is d Debit Accounts Payable and Credit Cash Option a i...View the full answer

Financial Accounting

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