Paid 3,600 for supplies purchased previously (a) Cash is an asset, Accounts Payable is a liability. (b) Cash decreased (assets decrease with credits), and Accounts Payable decreased (liabilities decrease with debits). (c) Both accounts changed by 3,600. (d) The required journal entry is 2018 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license 66 distributed with a certain product or service or otherwise on a password-protected website for classroom use