Receiving a $350 Payment on an Account with a Current

question 76

Multiple Choice

Receiving a $350 payment on an account with a current balance of $800 would include a:

• A)debit to cash and a credit to accounts payable for $350.
• B)debit to cash and a credit to accounts receivable for $350.
• C)credit to cash and a credit to accounts receivable for $350.
• D)debit to accounts receivable and a credit to cash for $350.

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