Goods were purchased on account last month. What is the correct entry to record the payment made
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Question:
Goods were purchased on account last month. What is the correct entry to record the payment made this month for the purchase previously made?
Select one:
a. Debit inventory and credit accounts payable
b. Debit accounts payable and credit cash
c. Debit inventory and credit cash
d. Debit expenses and credit cash
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