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36.A company paid cash of $2,300 to reduce a debt. To record this transaction, the accountant would Question 36 options: A.debit Accounts Receivable and debit
36.A company paid cash of $2,300 to reduce a debt. To record this transaction, the accountant would
Question 36 options:
A.debit Accounts Receivable and debit Accounts Payable | |
B.credit Cash only | |
C.debit Cash and debit Accounts Payable | |
| D.debit Accounts Payable and credit Cash
|
Question 37 (1 point)
The account used to record increases in stockholder's equity from services is
A.the Cash account | |
B.the Accounts Receivable account | |
C. | the Revenue account |
D. | the Inventory account |
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