At least three accounts are affected by each transactions.

True

False

Total debits to the accounts payable account equaled $10,000 and total credits to the accounts payable account equaled $30,000. What is the balance of accounts payable?

a.$10,000 debit.

b.$30,000 credit.

c.$20,000 credit.

d.$20,000 debit.

Increases in cash are recorded on the debit side of the T account.

True

False