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please help me understand if a t account graph for the following?

please help me understand if a t account graph for the following? A check drawn by a company for $270 in payment of a liability was recorded in teh journal as $720. I believe the entry would be debit cash; credit accounts payable

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Debit cash... View the full answer

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The answer is... View the full answer

1 comment
  • how would all of this appear on a graph of sort?
    • bethhen22
    • Apr 04, 2018 at 10:33pm

A payment to the creditors is debited while the cash is credited because the payment results in a decrease in... View the full answer

After working on your question, I... View the full answer

1 comment
  • In a T account, credits will be the beginning balance xxx and correcting amount of 450.... Debit side will be the incorrect amount of 720
    • dinamarcanete
    • Apr 04, 2018 at 11:14pm

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