The general journal entry to record a payment to a creditor would most commonly include:
A) a debit to Accounts Payable and a credit to Cash.
B) a debit to Capital and a credit to Cash.
C) a debit to Supplies and a credit to Cash.
D) a debit to Cash and a credit to Accounts Payable.

Question

Quizplus · Accepted Answer

When you pay a creditor, you decrease your liability (Accounts Payable) with a debit and decrease your asset (Cash) with a credit.

The General Journal Entry to Record a Payment to a Creditor