The journal entry to record the payment of accounts payable will require a O credit to cash account credit to capital account O credit to accounts payable account O debit to loans payable account A credit entry decreases O asset liability owner's equity O none of these

The journal entry to record the payment of accounts payable will require a O credit to cash account credit to capital account O credit to accounts payable account O debit to loans payable account A credit entry decreases O asset liability owner's equity O none of these

Name: The journal entry to record thepayment of accounts payable willrequir
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Description: The journal entry to record thepayment of accounts payable willrequire aO credit to cash accountO credit to capital accountO credit to accounts payable accountO debit to loans payable accountA credit entry decreasesassetliabilityO owner's equityO no

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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