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What Effect Does This Journal Entry Have on the Accounts

Question 220

Multiple Choice

What effect 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 What effect 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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