Marsh Supply Services paid $350 cash to a materials supplier,the amount owed from the previous month.Which of the following accounts decreases?

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Accounts Payable is a liability account which represents the amount that a business owes to its vendors or suppliers. When Marsh Supply Services pays $350 cash to a materials supplier, the amount owed from the previous month, the Accounts Payable account gets decreased. Therefore, the correct answer is B. Accounts Receivable is an asset account which represents the amount that customers owe to a business for goods or services sold on credit. Owner's Capital is an equity account which represents the owner's investment in the business. Office Supplies is an asset account which represents the cost of supplies purchased for office or administrative use.

Marsh Supply Services Paid $350 Cash to a Materials Supplier,the