Question
When a company makes a payment for amounts owed from prior purchases, it will record a debit to ______ and a credit to ______. Multiple
When a company makes a payment for amounts owed from prior purchases, it will record a debit to ______ and a credit to ______.
Multiple Choice
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Cash; an expense
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Accounts Payable; Retained Earnings
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Accounts Payable Cash
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an expense Cash
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Financial Accounting
Authors: Kermit D. Larson, Paul B. W. Miller
5th Edition
0256091935, 978-0256091939
