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Cash Was Paid by XYZ to Creditors \quad CR Accounts Payable

B

question 25

Short Answer

Cash was paid by XYZ to creditors.Which of the following entries for XYZ correctly records this transaction?
A. DR Cash \quad CR Accounts payable

B. DR Accounts payable \quad CR Cash

C. DR Accounts receivable \quad CR Cash

D. DR Accounts Cash \quad CR Accounts receivable


Definitions:

Arousal Theory

A theory suggesting that people are motivated to maintain an optimal level of arousal, not too low or too high, for their best performance.

Sensation-Seekers

Individuals who have a strong desire for experiences that are thrilling, complex, varied, and intense, often embracing risks for the sake of such experiences.

Risky Recreational Behaviors

Activities undertaken for enjoyment that involve a significant degree of risk or danger.

Drive-Reduction Theory

A theory of motivation suggesting that biological needs create internal drives that seek to be reduced by satisfying those needs.

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