If a business pays $1,100 on account to a creditor, the effect of the payment is a decrease to cash and a(n)
A. decrease to Fees Income
B. increase of capital
C. increase to accounts receivable
D. decrease to accounts payable
Answer: D
If a business pays $1,100 on account to a creditor, the effect of the payment is a decrease to cash and a(n)
A. decrease to Fees Income
B. increase of capital
C. increase to accounts receivable
D. decrease to accounts payable
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