When payment is made on an existing debt, which accounts increase or decrease? (a) Cash increases; Accounts
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When payment is made on an existing debt, which accounts increase or decrease?
(a) Cash increases; Accounts Receivable increases.
(b) Cash decreases; Accounts Payable increases.
(c) Cash increases; Accounts Payable increases.
(d) Cash decreases; Accounts Payable decreases.
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