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    chloe2d's Avatar
    chloe2d Posts: 1, Reputation: 1
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    #1

    Jan 28, 2013, 07:27 PM
    Accounting
    On April 30, 2005, Zono Electronics, Inc. made a payment of $3,500 to Imperial Distributors, a supplier. Choose the statement that best describes the recording of this financial transaction by Imperial Distributors.

    Debit cash $3,500; credit accounts payable $3,500
    Debit accounts receivable $3,500; credit cash $3,500
    Debit accounts payable $3,500; credit cash $3,500
    Debit cash $3,500; credit accounts receivable $3,500
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jan 28, 2013, 08:05 PM
    Now what do you think?

    Our policy is that you present your attempt at the answer and we will comment
    Suisse82's Avatar
    Suisse82 Posts: 4, Reputation: 1
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    #3

    Feb 19, 2013, 02:01 PM
    Hi am thinking the answer seems to be option d

    When considering the fact that what the party from receiving end would make an journal entry.
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