When a Company Makes a Payment for Amounts Owed from Prior

question 215

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:

Large Intestine

The portion of the digestive tract of humans (and other vertebrates) consisting of the cecum, colon, rectum, and anus.

Digestive Enzymes

Proteins produced by the digestive system to break down foods into nutrients that can be absorbed by the body.

Lacteal

One of the many lymphatic vessels in the intestinal villi that absorb fat.

Lipid Digestion

The biochemical process of breaking down fats into fatty acids and glycerol in the digestive system for absorption and use by the body.