Provide descriptions for this transaction: Credit cash $ 2,000 and Debit Account Payable $ 2,000
a. Buying for cash.
b. Selling for cash.
c. Selling on credit.
d. Buying on credit.
e. Paid accounts payable.
Answer: E
Provide descriptions for this transaction: Credit cash $ 2,000 and Debit Account Payable $ 2,000
a. Buying for cash.
b. Selling for cash.
c. Selling on credit.
d. Buying on credit.
e. Paid accounts payable.
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