Question
A business makes a cash payment of $12,000 to a creditor. Which of the following accounts is credited? A. Accounts Payable B. Accounts Receivable C.
A business makes a cash payment of $12,000 to a creditor. Which of the following accounts is credited?
A. Accounts Payable
B. Accounts Receivable
C. Cash
D. Bank
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Financial Accounting An Integrated Statements Approach
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
2nd Edition
324312113, 978-0324312119
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