Cash was paid by Janer's Cleaning Service to creditors on account. Which of the following entries for Janer's Cleaning Service records this transaction? a.Cash, debit; Common Stock, credit b.Accounts Payable, debit; Accounts Receivable, credit c.Accounts Payable, debit; Cash, credit d.Accounts Receivable, debit; Cash, credit
Cash was paid by Janer's Cleaning Service to creditors on account. Which of the following entries for Janer's Cleaning Service records this transaction? a.Cash, debit; Common Stock, credit b.Accounts Payable, debit; Accounts Receivable, credit c.Accounts Payable, debit; Cash, credit d.Accounts Receivable, debit; Cash, credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Cash was paid by Janer's Cleaning Service to creditors on account. Which of the following entries for Janer's Cleaning Service records this transaction?
a.Cash, debit; Common Stock, credit
b.Accounts Payable, debit; Accounts Receivable , credit
c.Accounts Payable, debit; Cash, credit
d.Accounts Receivable, debit; Cash, credit
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