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fill in the blank question a company makes a $100 payment to a supplier…

Question

fill in the blank question
a company makes a $100 payment to a supplier on account; this transaction will be recorded with a debit to the ______
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Explanation:

Brief Explanations

When a company makes a payment to a supplier on account, it reduces the liability owed to the supplier. The liability account for amounts owed to suppliers is Accounts Payable. In double-entry accounting, decreasing a liability account requires a debit entry.

Answer:

Accounts Payable