Making a Cash Payment to Settle a Debt Would Include

question 120

Multiple Choice

Making a cash payment to settle a debt would include a:

• A) debit to Cash and a credit to Accounts Receivable
• B) debit to Accounts Receivable and a credit to Cash
• C) debit to Accounts Payable and a credit to Cash
• D) debit to Accounts Payable and a credit to Accounts Receivable

---

Definitions:

Boreal Forest

The northern coniferous forest biome found primarily in Canada, northern Europe, and Siberia; also called taiga.

Corresponding Latitudes

Locations across the globe that share the same distance north or south of the Equator.

Tundra

A cold, treeless biome found in the Arctic and atop mountains, where the climate is characterized by very low temperatures, short growing seasons, and permafrost.

Permafrost

Permanently frozen subsoil characteristic of frigid areas such as the tundra.