When a Company Makes a Payment for Amounts Owed from Prior

question 27

Multiple Choice

When a company makes a payment for amounts owed from prior purchases,it will record a debit to ________ and a credit to ________.

• A)Accounts Payable;Cash
• B)an expense;Cash
• C)Accounts Payable;Retained Earnings
• D)Cash;an expense

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Definitions:

Social Psychologist

A professional who studies how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Persuasion Strategies

Techniques employed to influence individuals' attitudes, beliefs, or actions through communication and rhetorical means.

Attitudes

A psychological tendency that is expressed by evaluating a particular entity with some degree of favor or disfavor.

Lasting Changes

Refers to permanent or enduring alterations in an individual, system, or environment over time.