When a company pays for services received using a check,it should credit Accounts Payable until the check is paid by the bank.

Name: When a company pays for services received using a check,it should credit Accounts Payable until the check is paid by the bank.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When a company pays for services using a check, it should debit Accounts Payable to reduce the liability and credit Cash or Bank to reflect the decrease in cash.

When a Company Pays for Services Received Using a Check,it