a-company-pays-a-supplier-via-electronic-funds-transfer-what-is-the-correct-jour

Question

A company pays a supplier via electronic funds transfer. What is the correct journal entry for this transaction?

Accepted Answer

Debit Accounts Payable; Credit Cash

Answer

Debit Cash; Credit Interest Revenue

Answer

Debit Cash; Credit Accounts Payable

Answer

Debit Accounts Receivable; Credit Cash