Multiple Choice
Classic Artists' Services has hired a maintenance man to maintain a building they use for instruction.He will begin work on 1 February and work through till 31 May.Classic Artists' will pay the maintenance man $16,000 at the end of May.It accrues Maintenance expense at the end of every month.What is the balance in the Accounts payable account for amounts owed to the maintenance man at the end of March?
A) Credit balance of $16,000
B) Debit balance of $16,000
C) Credit balance of $8000
D) Debit balance of $8000
Correct Answer:
Verified
Correct Answer:
Verified
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