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Alicia Tax Services Paid $500 to Settle an Account Payable

Question 93

Multiple Choice

Alicia Tax Services paid $500 to settle an account payable.Which of the following general journal entries will Alicia Tax Services make to record this transaction?


A) Debit Office supplies expense,$500; credit Cash,$500.
B) Debit Cash,$500; credit Office supplies,$500.
C) Debit Office supplies,$500; credit Cash,$500.
D) Debit Office supplies,$500; credit Accounts payable,$500.
E) Debit Accounts payable,$500; credit Cash,$500.

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