A journal entry to record a payment on account will include a
A) debit to Accounts Receivable.
B) credit to Accounts Receivable.
C) debit to Accounts Payable.
D) credit to Accounts Payable.

Name: A journal entry to record a payment on account will include a A) debit to Accounts Receivable. B) credit to Accounts Receivable. C) debit to Accounts Payable. D) credit to Accounts Payable.
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Question

Quizplus · Accepted Answer

A payment on account reduces the amount owed to a creditor, which is recorded as a debit to Accounts Payable.

A Journal Entry to Record a Payment on Account Will