Question

Michelle Sanchez paid $100.00 for supplies purchased last month on account. How would this transaction be represented using a T account?

Cash is credited $100.00 to increase the account, and accounts payable is debited $100.00 to increase the account.
Cash is credited $100.00 to decrease the account, and accounts payable is debited $100.00 to decrease the account.
Cash is debited $100.00 to increase the account, and accounts payable is credited $100.00 to increase the account.
Cash is debited $100.00 to increase the account, and accounts payable is debited $100.00 to increase the account.

Answer 1

I think it is either the first one or second one but im not sure I need help plsss

Answer 2

@gucchi

Answer 3

Welp...

Answer 4

Well read the first one carefully.
Cash is credited $100.00 to increase the account, and accounts payable is debited $100.00 to increase the account.
and then the second one.
Cash is credited $100.00 to increase the account, and accounts payable is debited $100.00 to debited. the account.

Answer 5

So are we increasing the account balance or decreasing?

Answer 6

No, if we bought something, then it's a negative balance, which is decreasing.

Answer 7

I think it's the first second third or fourth one :)

Answer 8

Okay so it is going to decrease

Answer 9

Correct, so you know it's decreasing, so which letter would it be?

Answer 10

A.)
or
B.)

Answer 11

Cash is credited $100.00 to decrease the account, and accounts payable is debited $100.00 to decrease the account.

Answer 12

That is my most educated guess I can give you, I hope it helps.

Answer 13

Bro it's B

Answer 14

She is paying

decreasing the account, debit

Answer 15

and it's a T Account

Answer 16

Okay so B.) Cash is credited $100.00 to decrease the account, and accounts payable is debited $100.00 to decrease the account.

Answer 17

bro i said decreasing and debit 💀

Answer 18

Thanks guys!