Which of the following entries records the payment of an account payable?
A) debit Cash; credit Accounts Payable
B) debit Accounts Receivable; credit Cash
C) debit Cash; credit Supplies Expense
D) debit Accounts Payable; credit Cash

Question

Quizplus · Accepted Answer

The payment of an account payable reduces the amount owed to a supplier or vendor. To record this transaction, Accounts Payable is credited to decrease the liability, and Cash is debited to reflect the payment made.

Which of the Following Entries Records the Payment of an Account