Carrie flew to San Francisco on a business trip that will be reimbursed by her employer. The purchase price of the ticket was $500 and it was bought on account. The entry to record the transaction is:
A) debit Accounts Payable, $500; credit Travel Expense, $500.
B) debit Capital, $500; credit Accounts Payable, $500.
C) debit Travel Expense, $500; credit Accounts Payable, $500.
D) debit Travel Expense, $500; credit Cash, $500.
Answer: C
Business
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