Solved

A Company Paid Cash for an Amount Owed to a Creditor

Question 93

Multiple Choice

A company paid cash for an amount owed to a creditor. This transaction decreased cash and:

A) decreased expenses.
B) increased expenses.
C) decreased liabilities.
D) decreased revenues.

Related Questions

Q82: Double-entry accounting records only those transactions affecting

Q88: All information about a particular account is

Q89: When using a four- column ledger account

Q91: Expense accounts always represent expired assets.

Q92: The results of operations are reported on

Q94: Cash dividends paid to the stockholders will:<br>A)decrease

Q95: A stockholder's investment of land and a

Q96: Which type of account is increased when

Q97: Which of the following business events would

Q98: A company paid cash for employee wages.