Ask your own question, for FREE!
Finance 8 Online
kekeman:

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:

Pls help

kekeman:

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

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!