The bookkeeper recorded a payment on account as $150 instead of the correct amount of $510. What journal entry is required? Debit Accounts Payable for $360 and credit Cash for $360. Debit Accounts Receivable for $510 and credit Cash for $510. Debit Cash for $360 and credit Accounts Payable for $360. Debit Accounts Payable for $510 and credit Cash for $510