A check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. What entry is required in the company's accounts? Oa. debit Cash; credit Accounts Payable Ob. debit Accounts Payable; credit Cash Oc. debit Accounts Receivable; credit Cash Od. debit Cash; credit Accounts Receivable

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....
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A check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. What entry is required in the company's accounts?
Oa. debit Cash; credit Accounts Payable
Ob. debit Accounts Payable; credit Cash
Oc. debit Accounts Receivable; credit Cash
Od. debit Cash; credit Accounts Receivable
Transcribed Image Text:A check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. What entry is required in the company's accounts? Oa. debit Cash; credit Accounts Payable Ob. debit Accounts Payable; credit Cash Oc. debit Accounts Receivable; credit Cash Od. debit Cash; credit Accounts Receivable
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