Carrie flew to Toronto on a business trip. The purchase price of the ticket was...
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Accounting
Carrie flew to Toronto on a business trip. The purchase price of the ticket was $679 and it was bought from a travel agency on account (i.e. on credit). The entry to record the transaction is
A) debit Accounts Payable, $679; credit Travel Expense, $679.
B) debit Capital, $679; credit Accounts Payable, $679.
C) debit Travel Expense, $679; credit Accounts Payable, $679.
D) debit Travel Expense, $679; credit Cash, $679.
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