Buddy's Burger Barn purchased produce for the week from one of its suppliers. The business's accountant credited the Accounts Payable account
for $150. How will this purchase impact the balance sheet?
A. It will be subtracted from the total balance of Accounts Payable,
and then transferred to the Current Liabilities section of the
balance sheet.
B. It will be added to the total balance of Accounts Payable, and then
regarded as cash on hand on the balance sheet.
C. It will be added to the total balance of Accounts Payable, and then
transferred to the Current Liabilities section of the balance sheet.
D. It will be subtracted to the total balance of Accounts Payable, and
then regarded as cash on hand on the balance sheet.