Making a cash payment to settle a debt would include a:
A) debit to Cash.
B) credit to Cash Payments.
C) credit to Accounts Receivable.
D) debit to Accounts Payable.
Correct Answer:
Verified
Q19: A business purchases a truck by signing
Q20: Performing services on account would:
A)decrease revenue and
Q21: Receiving a payment from a customer on
Q22: A company purchased office supplies for cash.
Q23: If a person starting a business had
Q25: A chronological record or history)of an entity's
Q26: Purchasing a three- year insurance policy for
Q27: The normal balance of the Common Stock
Q28: A chart of accounts is:
A)a list of
Q29: Double- entry accounting means that each transaction:
A)debits
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