Purrfect Pets, Inc., uses $10,000 in cash to pay $10,000 on Accounts Payable. This would result in a:
A) $10,000 credit to Cash and a $10,000 credit to Accounts Payable.
B) $10,000 debit to Cash and a $10,000 debit to Accounts Payable.
C) $10,000 credit to Cash and a $10,000 debit to Accounts Payable.
D) $10,000 debit to Cash and a $10,000 credit to Accounts Payable.
Correct Answer:
Verified
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