Question: The debt created by a business when it makes a pu as an A ) account receivable B ) notes payable C ) account payable

The debt created by a business when it makes a pu as an
A) account receivable
B) notes payable
C) account payable
D) revenue
The debt created by a business when it makes a pu

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Taxpayers Information: Taxpayer #1 Name: Parker Patel SIN: 805 232 105 DOB: August 19, 1980 Taxpayer #2 Name: Morgan Martin SIN: 805 232 212 DOB: June 3, 1982 Address: 2621 River Road, Edmonton, AB,...

Q:

QUESTION 1 Owner's withdrawals increase expenses decrease expenses increase cash decrease owner's equity ooo QUESTION 2 The debt created by a business when it makes a pur O account payable account...

Q:

The debt created by a business when it makes a purchase of inventory on account is a(n): O A. account receivable. OB. note payable. O C. revenue. OD. account payable

Q:

Ch 1 1. Given the following dat Dec 31 Year 2 Dec 31 Year 1 Total liabilities S128,250 $120,000 Total stockholders oquity 95.000 80.000 compute the ratio of liabilities to stockholders' equity for...

Q:

125(1) Q1. Given the following list of accounts, calculate Total Assets: Accounts Receivable 5,000 Capital Stock 20,000 Cash 19,300 Equipment 15,400 Fees Earned 44,400 Miscellaneous Expense 18,200...

Q:

Q1. Over 90% of the total dollars of business receipts are received by proprietorships. a. true b. false Q2. Assets are acquired through investing activities when resources are purchased. a. true b....

Q:

Q1. Over 90% of the total dollars of business receipts are received by proprietorships. a. true b. false Q2. Assets are acquired through investing activities when resources are purchased. a. true b....

Q:

Here are some questions that I need help with can you please answer them and explain. 1.) What is the primary objective of most businesses? a. To maximize profits b. To pay dividends to stockholders...

Q:

8. The journal entry to issue 1,000,000 shares of $5 par common stock for $6.75 per share on January 2nd would be: a. Jan 2 Cash 6,750,000 Common Stock Paid-In Capital in Excess of Par- 5,000,000...

Q:

400 The trail balance sheet of Moe's Mowing, Inc is dated August 31, 2019: Assets Liabilities Cash 6,000 Account Payable 5,000 Account Receivable Notes payable 2,500 Supplies 6000 salary payable...

Q:

340 The trail balance sheet of Moe's Mowing, Inc is dated August 31, 2020: Assets Liabilities Cash 5100 Account Payable 4250 Account Receivable Notes payable 2125 Supplies 5100 salary payable 1700...

Q:

Gateway Products manufactures two products whose contribution margin s follow: Product contribution margin A...

Q:

1. How much would the Meyers have to put down if the lender required a minimum 20 percent down payment? Could they afford it? 2. Given that the Meyers want to put only $25,000 down, how much would...

Q:

What type of merger would have occurred if a real estate company merged with a real estate developer? a vertical merger b horizontal merger c synergistic merger d conglomerate merger

Q:

I have attached the spot prices as a photo. I have the answer to C (I have included these below). Can you please explain how you would get the answers to part B and D?