Nick's Landscaping Services incurred $500 as a repair expense and promised to pay the repair company...
Nick's Landscaping Services incurred $500 as a repair expense and promised to pay the repair company within 30 days. Which of the following accounts will increase as a result of this transaction? a. Accounts receivable B. cash C.accounts payable D. nick, capital
Homework Answers
Service received on account by a company is a liability for company. so it will increase accounts payable. at the time of payment cash and accounts payable accounts will decrease.
Answer is :C.accounts payable
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