Question

Which of the following journal entries will record the payment of a $675 accounts payable originally incurred for Office Supplies?A. Debit Office Supplies; credit Accounts PayableB. Debit Accounts Payable; credit CashC. Debit Office Supplies; credit CashD. Debit Cash; credit Accounts Payable

Answer 1

Answer:

C. Debit Office Supplies; credit Cash

Explanation:

The journal entry is shown below:

Accounts Payable A/c Dr $675

             To Cash A/c $675

(Being the payment of an account payable is recorded)

For recording this transaction, we debited the account payable account and credited the cash account as cash is paid so it reduces the cash account for $675 so that the correct posting could be done