Question
You paid off an outstanding accounts payable balance with cash. The correct way to post this transaction is __________. debit accounts payable, credit cash credit
You paid off an outstanding accounts payable balance with cash. The correct way to post this transaction is __________.
debit accounts payable, credit cash
credit accounts payable, debit cash
debit accounts payable, credit accounts receivable
none of these
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Get StartedRecommended Textbook for
Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
9th edition
1-119-49356-3, 1119493633, 1119493560, 978-1119493631
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