If a journal entry includes a debit to Accounts Payable and a credit to Cash:
A)Cash will have a credit balance.
B)Accounts Payable is increased.
C)Cash is increased.
D)Accounts Payable is decreased.

Name: If a journal entry includes a debit to Accounts Payable and a credit to Cash: A)Cash will have a credit balance. B)Accounts Payable is increased. C)Cash is increased. D)Accounts Payable is decreased.
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Question

Quizplus · Accepted Answer

Debiting Accounts Payable decreases the liability, and crediting Cash decreases the asset.

If a Journal Entry Includes a Debit to Accounts Payable