Which of the following entries records the payment of an account payable?

A) debit Cash; credit Accounts Payable
B) debit Accounts Receivable; credit Cash
C) debit Cash; credit Supplies Expense
D) debit Accounts Payable; credit Cash

Question

Eddie Sweet · Accepted Answer

Final Answer : D, Explanation :  The payment of an account payable reduces the amount owed to a supplier or vendor. To record this transaction, Accounts Payable is credited to decrease the liability, and Cash is debited to reflect the payment made.

Which of the following entries records the payment of an account payable?

A) debit Cash; credit Accounts Payable
B) debit Accounts Receivable; credit Cash
C) debit Cash; credit Supplies Expense
D) debit Accounts Payable; credit Cash

Definitions

Learning Objectives

Learning Objectives

Related questions

Which of the following entries records the payment of an account payable?A) debit Cash; credit Accounts PayableB) debit Accounts Receivable; credit CashC) debit Cash; credit Supplies ExpenseD) debit Accounts Payable; credit Cash

Definitions

Learning Objectives

Learning Objectives

Related questions

Which of the following entries records the payment of an account payable?

A) debit Cash; credit Accounts Payable
B) debit Accounts Receivable; credit Cash
C) debit Cash; credit Supplies Expense
D) debit Accounts Payable; credit Cash