NBC made a $2,500 payment on account,to satisfy a previously recorded account payable.Set up the necessary T-accounts below and show how this transaction would be recorded directly in those accounts.

T-Accounts

T-Accounts are a tool used in accounting to visualize credit and debit transactions for individual accounts, resembling the letter “T”.

Account Payable

An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors or suppliers.