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What Effects Does This Journal Entry Have on the Accounts

Question 69

Multiple Choice

 March 10 Accounts Payable 800 Cash 800 Paid creditors on account. \begin{array} { | l | l | c | l | l | l | } \hline \text { March } & 10 & \text { Accounts Payable } & & 800 & \\\hline & & \text { Cash } & & & 800 \\\hline & & \text { Paid creditors on account. } & & & \\\hline\end{array} What effects does this journal entry have on the accounts?


A) decrease Accounts Payable, increase Cash
B) increase Cash, decrease Accounts Payable
C) increase Accounts Payable, increase Cash
D) decrease Accounts Payable, decrease Cash

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