A firm recorded the receipt of cash on account from a creditor as a debit to Cash and a credit to Accounts Payable. The error was discovered after the data posted. The correcting entry should contain: Multiple Choice

1. a debit to Accounts Payable and a credit to Cash.

2. a debit to Cash and a credit to Accounts Receivable.

3. a debit to Accounts Receivable and a credit to Accounts Payable.

4. a debit to Accounts Payable and a credit to Accounts Receivable.