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...


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.



Jan 09, 2022
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