Question

Which of the following transactions would involve a debit to an asset account?

a) recording depreciation expense on capital assets
b) payment of an accounts payable
c) payment of a dividend
d) collection of an accounts receivable​

Answer 1

Answer:

D

Explain:

I'm sorry it was not letter B. The answer is letter D.

The normal balance of an accounts receivable is debit. So, when you collected accounts receivable there will be an increase on asset cash and a decrease on accounts receivable.