a check drawn by a company for $340 in payment of a liability was recorded...
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Accounting
a check drawn by a company for $340 in payment of a liability was recorded in the journal as $430. What entry is required in the company's accounts? a. debit Accounts Payable; Credit Cash b. debit Cash; credit accounts receivable c. debit Cash; credit Accounts Payable d. debit accounts receivable; credit cash
a check drawn by a company for $340 in payment of a liability was recorded in the journal as $430. What entry is required in the company's accounts?
a. debit Accounts Payable; Credit Cash
b. debit Cash; credit accounts receivable
c. debit Cash; credit Accounts Payable
d. debit accounts receivable; credit cash
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