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Essentials of Investments9th EditionAlan J. Marcus, Alex Kane, Zvi Bodie 689 solutions Accounting: What the Numbers Mean9th EditionDaniel F Viele, David H Marshall, Wayne W McManus 345 solutions What entries records the payment of an account payable?Accounts payable entry. When recording an account payable, debit the asset or expense account to which a purchase relates and credit the accounts payable account. When an account payable is paid, debit accounts payable and credit cash.
Which of the following injuries records the payment of an account payable?Answer: d.
Account payable is debited to indicate a decrease in liability while cash is credited to indicate a decrease in assets.
What are accounts payable quizlet?Accounts Payable. A current liability representing the amount owed by a business to a creditor for the merchandise or services purchased on open account (i.e., without the giving of a note or other evidence of debt). It is also called A/P or just Payables.
Is accounts payable a debit or credit quizlet?Accounts Payable increases with a credit entry. Accounts Payable is a liability and increases with a credit entry. Salaries Payable answers are incorrect as Salaries Payable is a liability that increases with a credit entry, decreases with a debit entry.
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Which of the following entries records the payment of an account payable Quizlet
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