Multiple Choice
The bookkeeper recorded a payment on account as $150 instead of the correct amount of $510.What journal entry is required?
A) Debit Accounts Payable for $510 and credit Cash for $510.
B) Debit Accounts Receivable for $510 and credit Cash for $510.
C) Debit Accounts Payable for $360 and credit Cash for $360.
D) Debit Cash for $360 and credit Accounts Payable for $360.
Correct Answer:

Verified
Correct Answer:
Verified
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