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Bruno's Pizza Restaurant Makes Full Payment of $8,300 on an Account

Question 73

Multiple Choice

Bruno's Pizza Restaurant makes full payment of $8,300 on an account payable to Stella's Cheese Co.Stella's would record this transaction with a:


A) Debit to Accounts Payable for $8,300.
B) Credit to Cash for $8,300.
C) Credit to Accounts Receivable for $8,300.
D) Credit to Accounts Payable for $8,300.

Correct Answer:

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