Question: How does an account payable arise with a vendor? Multiple Choice When we return purchases to our vendor, they promise to pay us for the

How does an account payable arise with a vendor? Multiple Choice When we return purchases to our vendor, they promise to pay us for the amounts returned. When our business purchases on credit, it promises to pay that amount in the future. When our business makes a cash purchase, it promises to pay the same amount again for future purchase When our customers purchase amounts from us, they promise to pay us in the future

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