The Transaction to Record Payment for Delivery Equipment That Was

question 70

Multiple Choice

The transaction to record payment for delivery equipment that was purchased on account in the previous month would include

• A) debiting Cash and crediting Accounts Receivable.
• B) debiting Cash and crediting Accounts Payable.
• C) debiting Accounts Payable and crediting Cash.
• D) debiting Delivery Equipment and crediting Cash.

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Definitions:

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