Harris Landscaping Services incurred $500 as a labor expense and promised to pay the labor agency within

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Harris Landscaping Services incurred $500 as a labor expense and promised to pay the labor agency within 30 days. Which of the following accounts will increase as a result of this transaction?

A) Retained Earnings

B) Accounts Payable

C) Cash

D) Accounts Receivable

Related Book For answer-question

Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Posted Date: Jan 03, 2021 08:35 AM

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Harris Landscaping Services incurred $500 as a labor expense and promised to pay the labor agency within

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Answer B Accounts Payable Accounts payable AP are amou... View the full answer

Financial Accounting An Integrated Statements Approach

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