Making a cash payment to settle a debt would include a:
A)debit to Cash.
B)credit to Cash.
C)credit to Accounts Payable.
D)debit to Accounts Receivable.

Name: Making a cash payment to settle a debt would include a: A)debit to Cash. B)credit to Cash. C)credit to Accounts Payable. D)debit to Accounts Receivable.
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Question

Quizplus · Accepted Answer

When making a cash payment to settle a debt, cash is being decreased, so it requires a debit to the Cash account.

Making a Cash Payment to Settle a Debt Would Include