Hello. When you work with payable accounts they are normal credit balances. I try to remember this by thinking about it being on the right side of the T account. So with it being a credit, debits actually decrease the balance. Let's try it in a T account:
We reduce the balance by the debit 600 and increase it by the credit 300. Leaving with a balance of $500.00. T-Accounts can be awesome!
Good Luck. Hope this helped!
Feb 15th, 2015
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