ABC Company made a $2,500 payment on account,to satisfy a previously recorded account payable.Set up the necessary T-accounts below and show how this transaction would be recorded directly in those accounts. 
Definitions:
Formal Ethics
The explicitly stated moral rules and principles that govern behaviors within an organization or society.
Ethical Misconduct
Behaviors or actions that go against moral principles and professional standards.
Personal Preference
An individual's inclination or liking for specific choices or options over others.
Social Consensus
The degree of agreement among members of a society or group on beliefs, behaviors, or values.
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