Cash was paid by XYZ to creditors.Which of the following entries for XYZ correctly records this transaction?
A. DR Cash $\quad $ CR Accounts payable

B. DR Accounts payable $\quad $ CR Cash

C. DR Accounts receivable $\quad $ CR Cash

D. DR Accounts Cash $\quad $ CR Accounts receivable

Question

Cash was paid by XYZ to creditors.Which of the following entries for XYZ correctly records this transaction?
A. DR Cash  $\quad $ CR Accounts payable

B. DR Accounts payable  $\quad $ CR Cash

C. DR Accounts receivable  $\quad $ CR Cash

D. DR Accounts Cash  $\quad $ CR Accounts receivable

Quizplus · Accepted Answer

The Answer of Cash was paid by XYZ to creditors.Which of the following entries for XYZ correctly records this transaction?
A. DR Cash  $\quad $ CR Accounts payable

B. DR Accounts payable  $\quad $ CR Cash

C. DR Accounts receivable  $\quad $ CR Cash

D. DR Accounts Cash  $\quad $ CR Accounts receivable

Cash Was Paid by XYZ to Creditors \quad CR Accounts Payable B

Cash Was Paid by XYZ to Creditors $\quad$ CR Accounts Payable

B