Multiple Choice
A firm paid cash to apply against a debt.To record this transaction,the accountant would
A) debit Accounts Receivable and credit Cash.
B) debit Accounts Payable and credit Cash.
C) debit Cash and credit Accounts Payable.
D) credit Cash and credit Accounts Payable.
Correct Answer:
Verified
Correct Answer:
Verified
Q38: A(n)_ account is used to record increases
Q68: Debits are used to record increases in<br>A)
Q69: Which of the following accounts is NOT
Q70: Which of the following represents the proper
Q72: A business purchases equipment costing $4,000.They pay
Q74: Accountants use the term _ when referring
Q75: The "Net Income" or "Net Loss" is
Q76: Conway Copy Shop is owned and operated
Q77: Expense accounts are increased by _ the
Q102: When developing a chart of accounts, the