Question: What would the journal entries be if the problem is like this: "made payments on account, 17,000" ?
Solution: Here is the entry for a payment on account:
Debit: Creditors/payables 17,000 Credit: Bank 17,000 Payment to creditor/payable Mr. Bla Bla
Remember that any time you have a payment it means you are losing money, which means less cash in the bank, which means you credit this asset.
The corresponding entry, the debit, is to creditors. When you pay "on account" it means you are paying off an account (a debt) you have with someone. In other words, you are paying off a creditor/payable.