What Effect Does This Journal Entry Have on the Accounts

question 182

Multiple Choice

$\begin{array}{|l|l|l|l|l|l|}\hline \text { March } & 10 & \text { Accounts Payable } & & 800 & \\\hline & & \text { Cash } & & & 800 \\\hline & & \text { Paid creditors on account } & & & \\\hline & & & & & \\\hline\end{array}$ What effect does this journal entry have on the accounts?

• A) Decrease accounts payable, increase cash
• B) Increase cash, decrease accounts payable
• C) Increase accounts payable, increase cash
• D) Decrease accounts payable, decrease cash

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The ways in which an offeree can accept an offer in contract law, such as by performance, promise, or as otherwise stipulated in the offer.

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