Financial statements are important to stakeholdeIf a company returns defective goods to a supplier, the journal entry would typically involve: Question 20Answer a. Debit Cash, Credit Accounts Payable b. Debit Accounts Payable, Credit Cash c. Debit Cash, Credit Expense d. Debit Expense, Credit Cashrs because they provide: Question 19Answer a. Information about competitors in the industry. b. Analysis of macroeconomic trends c. Insight into employee satisfaction d. Information about the financial performance