When a vendor payment is made, the following accounts are debited and credited:
a. Dr. Account No. 2000, Accounts Payable/vendor; Credit Account No. 1010, Reno Bank.
b. Credit Account No. 1010, Reno Bank; Debit Account No. 1240, Merchandise Inventory
c. Debit Account No. 5015, Cost of Goods Sold and Credit\ Account No. 1010, Reno Bank.
d. Debit Account No. 2000/vendor; credit Account No. 5015, Cost of Goods Sold.
e. None of the above.
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