mathodcomStudentPlayerTest aspxtestid 183434063ucenterwinyes

mathod.com/Student/PlayerTest aspx?testid 183434063&ucenterwin-yes; Principles of Financial Accounting Web Summer 2018 Test: Exam 1 This Question: 4 pts 32 of 33 (30 complete) Renoir Associates paid one of its creditors $584 on their balance due The journal entry would require a: O A. debit to Accounts Payable and credit to Cash. O B. debit to Cash and a credit to Accounts Receivable. O c. debit to Cash and a credit to Accounts Payable O D. credit to Cash and a debit to Accounts Receivable

Solution

Journal entry :

So answer is a) Debit to account payable and credit to cash

Date	account & explanation	debit	credit
	Account payable	584
	Cash		584
	(To record amount paid)