If a Journal Entry Includes a Debit to Accounts Payable

question 104

Multiple Choice

If a journal entry includes a debit to Accounts Payable and a credit to Cash:

• A)Cash will have a credit balance.
• B)Accounts Payable is increased.
• C)Cash is increased.
• D)Accounts Payable is decreased.

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Definitions:

Embargo Act

A law passed by the United States Congress in 1807 that prohibited American ships from trading in all foreign ports, aiming to avoid conflicts.

U.S.-Canada Border

The international boundary between the United States and Canada, recognized as the longest undefended border in the world, spanning various terrains and facilitating cross-border movement.

Smuggling

The illegal trade or transportation of goods, people, or contraband across borders, bypassing legal procedures or avoiding taxes and regulations.