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A cash payment of $130 on account was recorded as a $310 debit to accounts payable and a $310 credit to cash. the necessary correcting entry is

User Natsfan
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2 Answers

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310-130=180
Debit cash 180 credit amount pay 180
User Taplar
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(310-130=180)

debit cash $180; credit Accounts Payable, $180

Hope this helped :) !

User Pithhelmet
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