Stine Company Paid €530 on Account to a Creditor $\begin{array} { l }\text { Accounts Payable }&530 \\ \text { Cash}&&530 \\\end{array}$

Multiple Choice

Stine Company paid €530 on account to a creditor.The transaction was erroneously recorded as a debit to Cash of €350 and a credit to Accounts Receivable, €350.The correcting entry is

A) $\begin{array} { l }\text { Accounts Payable }&530 \\ \text { Cash}&&530 \\\end{array}$

B) $\begin{array} { l }\text { Accounts Receivable}& 350\\ \text {Cash }&&350 \\\end{array}$

C) $\begin{array} { l }\text { Accounts Receivable }&350 \\ \text { Accounts Payable}&&350 \\\end{array}$

D) $\begin{array} { l } \text { Accounts Receivable }&350 \\ \text {Accounts Payable }&530 \\ \text {Cash }&& 880\\\end{array}$