The business incurred an expense and paid it immediately. To record this transaction, A. an expense is debited, and a liability is credited. B. an expense is debited, and an asset is credited. C. an expense is debited, and Capital is credited. D. None of the above
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The business incurred an expense and paid it immediately. To record this transaction, A. an expense is debited, and a liability is ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The entry to record the distribution of the stock dividend would include A. a credit to Common Stock. B. a debit to Common Stock Distributable. C. Both a and b D. None of the above
Answers (1)
Your professor is planning to undertake chemical isotope analysis for her latest paleoanthropology project. when you ask her for more details, she invites you to guess the topic of her project based on this fact alone.
Answers (1)
You have lunch with a friend who was recently promoted to a management position. "congratulations!" you say. but she looks at you and says, "i'm not so sure."
Answers (1)
Dynamic pricing is particularly suitable for internet based companies like amazon who want
Answers (1)
Which inventory method reflects the most recent costs of inventory on the balance sheet? What implications might this have that would be relevant for users of the financial statements to know?
Answers (1)
New Questions in Business
Xer-wise markets and promotes its products to consumers over the internet. melody and tom are considering a more aggressive approach to generate enthusiasm for the musclemaster over the internet.
Answers (1)
At the beginning of the current year, both Gerald and Nicolas own 50% of Apple Corporation. In July, Gerald sold his stock to Sarah for $110,000.
Answers (2)
The U. S. government pays an economist at the U. S. Department of Commerce $100,000 in salary in 2013. The economist then retires. In 2014, the government pays him $60,000 in Social Security benefits. Which of the following is correct? a.
Answers (1)
What will a decrease in interest rate cause
Answers (1)
Kendra's level of education is a high school diploma. Which careers could she work in? Check all that apply. a. Planning Clerk b. Production Worker c. Mechanical Engineer d. Hand Packer e. Operating Workers f. Industrial Engineering Technician
Answers (2)