A business makes a cash payment to a supplier for office supplies that were purchased earlier on account. Which of the following accounts is debited?

For any business, retaining a higher percentage of customers and improving their loyalty is an offensive strategic investment that not only affects short-term profits but also greatly enhances long-run performance

Indicate whether the statement is true or false

Your annual mortgage payments are $10,000 of which $8,000 represents interest payments, your marginal tax rate is about 30%, and you itemize deductions. Home ownership will reduce your tax payments by about how much?

A) $2,400 B) $3,000 C) $5,600 D) $7,000