Which of the following journal entries would be recorded if a business purchased office supplies on account in a previous accounting period and now makes a cash payment of $750 to the supplier to settle the account?
A)
Cash 750
Accounts Payable 750
B)
Accounts Payable 750
Cash 750
C)
Cash 750
Office Supplies 750
D)
Accounts Payable 750
Office Supplies 750
B
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