On Silver Company's trial balance, Accounts Payable is $4,250. Aft er the adjusting entries have been posted,

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On Silver Company's trial balance, Accounts Payable is $4,250. Aft er the adjusting entries have been posted, the balance in this account is still $4,250. Since there is no change, it is not necessary to include Accounts Payable on the adjusted trial balance. Do you agree or disagree? Why?
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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