Why is #9 C and not D? Thank you. Use the information below to answer questions

Question

Why is #9 C and not D? Thank you. Use the information below to answer questions 9-11: The following t-accounts arc for Marly's Inc. for the month of July: Which of the following best describes what happened in transaction (a)? Marly collected $2,000 from customers tor goods purchased on account Marly purchased $2,000 of inventory on account Marly paid suppliers $2,000 for goods previously purchased on account Marly paid its $2,000 utility bill for the previous month None of the above What is the ending balance in the Cash account?

Explanation / Answer

Debit in accounts payable represents payment for the credit purchases.

Hence, option C is correct.

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