If the office clerk for East Hills Family Practice paid off the balance for medical supplies purchased on account using a payment app, how would the bookkeeper journalize this transaction?

Debit the Accounts Payable account to decrease it and credit the Cash account to decrease it
Debit the Accounts Payable account to increase it and credit the Cash account to decrease it
Debit the Cash account to increase it and credit the Medical Supplies account to decrease it
Debit the Medical Supplies account to increase it and credit the Accounts Payable account to decrease it

Question

If the office clerk for East Hills Family Practice paid off the balance for medical supplies purchased on account using a payment app, how would the bookkeeper journalize this transaction?

Debit the Accounts Payable account to decrease it and credit the Cash account to decrease it
 Debit the Accounts Payable account to increase it and credit the Cash account to decrease it
 Debit the Cash account to increase it and credit the Medical Supplies account to decrease it
 Debit the Medical Supplies account to increase it and credit the Accounts Payable account to decrease it

kekeman · Answer

Pls help

kekeman · Answer

I think it might be " Debit the Accounts Payable account to decrease it and credit the Cash account to decrease it" which is the first one