Assume an outstanding account payable of a federal agency is paid. The journal entries at the agency level to record this event will include:
A. Neither a debit to the account Accounts Payable nor a credit to the account Cash
B. a debit to the account Accounts Payable
C. a credit to the account Cash
D. Both a debit to the account Accounts Payable and a credit to the account Cash
Answer: B
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