Answered step by step
Verified Expert Solution
Question
1 Approved Answer
the accounts payable account has a $3000 credit balance. An entry for the payment of $1000 on the amount owed is recorded and posted. the
the accounts payable account has a $3000 credit balance. An entry for the payment of $1000 on the amount owed is recorded and posted. the new balace of the accounts. payable account is a ----------balance. a) $2000 credit. b) $4000 credit. c) $2000 debit. d) $4000 debit.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started