A business paid $2500 on account. The journal entry would: o debit Accounts Receivable for $2500 and credit Revenue for $2500. 0 debit Accounts Payable for $2500 and credit Cash for $2500. C debit Cash for $2500 and credit Retained Earnings for $2500. (c) debit Cash for $2500 and credit Accounts Payable for $2500