The Accounts Payable account has a $3,700 credit balance. An entry for the payment of $1,350 on the amount owed is recorded and posted. The new balance of the Accounts Payable account is Multiple Choice a $2,350 credit balance. a $2,350 debit balance. a $5,050 debit balance. a $5,050 credit balance.
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Home » Business » The Accounts Payable account has a $3,700 credit balance. An entry for the payment of $1,350 on the amount owed is recorded and posted. The new balance of the Accounts Payable account is Multiple Choice a $2,350 credit balance.