Martin Supply Service paid $350 cash to a materials supplier that it owed from the previous month. What is the effect of the cash payment on accounts of the business?
A) Cash account decreases; Accounts payable decreases.
B) Materials account increases; Owner's capital account decreases.
C) Accounts payable increases; Owner's capital account decreases.
D) Cash account decreases; Accounts payable increases.
Correct Answer:
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