Answered: 2. Paid the other half of the account…

2. Paid the other half of the account due to C. de Leon. A. Debit Cash, Credit Accounts Payable B.Debit Accounts Payable, Credit Cash C. Debit Equipment, Credit Accounts Payable D. None of the above

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter4: Journalizing And Posting Transactions

Section: Chapter Questions

Problem 4MC: When fees are earned and the customer promises to pay later, which account is debited? (a) Cash (b)...

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

100%

2. Paid the other half of the account due to C. de Leon.

A. Debit Cash, Credit Accounts Payable

B.Debit Accounts Payable, Credit Cash

C. Debit Equipment, Credit Accounts Payable

D. None of the above

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