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Cruz Law Firm paid Johnson Bros, $9,00 cash in partial settlement of the amount owed in previous transactions . Determine the general journal entry that
Cruz Law Firm paid Johnson Bros, $9,00 cash in partial settlement of the amount owed in previous transactions . Determine the general journal entry that Cruz Law Firm will make to record this transaction. *
Debit Cash $9,000 ; Credit Accounts Payable $9,000
Debit Accounts Payable $9,000 ; Credit Cash $9,000
Debit Accounts Receivable $9,000; Credit Cash $9,000
Debit Cash $9,000 ; Credit Accounts Receivable $9,000
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