Cadet Company paid an accounts payable of 1100 This transact
| Cadet Company paid an accounts payable of $1,100. This transaction should be recorded on the payment date as follows: |
Solution
Cadet Company paid an accounts payable of $1,100. This transaction should be recorded on the payment date as follows=
Answer = d)
when liability is paid, Liability (Accounts payable) will be debited and cash credited.
| Accounts payable | 1,100 | |
| Cash | 1,100 |
