Reference no: EM132620803

Question - Depending on whether an account is an accounts payable or accounts receivable, a debit can mean adding or removing money from an account; the same can be true of a credit.

Reha needs to record a transaction for an order of peanuts, which Cristina will use to make her famous PB&J Cafe peanut butter. Identify which type of account this transaction would be recorded in (accounts receivable or payable), and whether it's a debit or a credit. Explain why Reha should enter the peanut transaction that way.