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Lam Company bought some supplies from Staples for $1,500 on credit on March 15. On March 31, Lam receive a bill for the account balance.

Lam Company bought some supplies from Staples for $1,500 on credit on March 15. On March 31, Lam receive a bill for the account balance. On April 15, Lam paid the account in full. How would Lam record the April 15th transaction?

A. Supplies 1,200
Accounts Payable 1,200
B. Accounts Payable 1,200
Supplies 1,200
C. Cash 1,200
Accounts Payable 1,200
D. Accounts Payable 1,200
Cash 1,200

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