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Making a $350 Payment on an Account with a Current

Question 16

Multiple Choice

Making a $350 payment on an account with a current balance of $800 would include a:


A) debit to accounts receivable and a credit to cash for $350.
B) debit to accounts payable and a credit to cash for $450.
C) debit to accounts payable and a credit to cash for $350.
D) debit to accounts receivable and a credit to capital for $350.

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