Multiple Choice
Your bookkeeper is off for the day and you are trying to figure out the last entry she recorded in the journal. Unfortunately, she only recorded part of the transaction as a decrease of $4,400 in the Accounts Payable account. It is possible that this partial entry could correspond to:
A) a purchase of equipment costing $4,400 on credit.
B) a payment of $4,400 to a supplier to settle a balance due.
C) a $4,400 sale to a customer.
D) a $4,400 issuance of the company's capital stock.
Correct Answer:
Verified
Correct Answer:
Verified
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