You are an accountant responsible for vendor payment processing. In the role of controller, you want to post a transaction of 5,000 USD that the company paid for audio-visual equipment to a vendor…

You are an accountant responsible for vendor payment processing. In the role of controller, you want to post a transaction of 5,000 USD that the company paid for audio-visual equipment to a vendor using a general journal entry. You select account type as Vendor and select the vendor account. Which two options are a valid offset account type on the journal line? Each correct answer presents a complete solution.