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The Buddy Burger Corporation Owes $1

Question 66

Multiple Choice

The Buddy Burger Corporation owes $1.5 million to the Texas Wholesale Meat Company from whom Buddy Burger buys its burger meat. Which account would Buddy Burger use to report the amount owed?


A) Cash.
B) Accounts Payable.
C) Supplies.
D) Accounts Receivable.

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