Bruno's Pizza Restaurant makes full payment of $8,300 on an account payable to Stella's Cheese Co. Stella's would record this transaction with a:
A. Debit to Accounts Payable for $8,300.
B. Credit to Cash for $8,300.
C. Credit to Accounts Receivable for $8,300.
D. Credit to Accounts Payable for $8,300.
C
You might also like to view...
Government agencies design ________ to encourage energy conservation and discourage smoking, excessive drinking, and drug use
A) club marketing programs B) social marketing campaigns C) consumer-generated marketing campaigns D) ambush marketing campaigns E) frequency marketing programs
When obtaining a credit card you should try to obtain
A) the highest maximum limit possible. B) a maximum limit high enough to cover necessary monthly purchases. C) a maximum limit high enough to cover anything you might wish to purchase. D) the lowest maximum limit possible to restrict your usage.