=+and credited to Cash for $8,000. b. The payment of $6,750 on account was debited to Accounts

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=+and credited to Cash for $8,000.

b. The payment of $6,750 on account was debited to Accounts Payable for $675 and credited to Cash for $6,750.

c. The receipt of cash on account of $4,150 was recorded as a debit to Cash for $4,510 and a credit to Accounts Receivable for $4,150.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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