Summit Company paid Hacienda Products, a creditor, on account. The transaction would involve a

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When Summit Company pays Hacienda Products on account, it means that the company is paying off a debt that it owes to its creditor. This is recorded through a credit to Cash, as cash is leaving the company's account, and a debit to Accounts Payable, which reduces the amount owed to the creditor. Therefore, the best choice is C, credit to Cash.

Summit Company Paid Hacienda Products, a Creditor, on Account