axia

posted by .

explain the difference account payable and trade credit

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Business/Accounting Question

    You are to state what will increase and/or decrease in each of the transactions described below. 1) Mythical Services sold $500 of legal services on account. 2) Mythical collected the $500 from transaction nmuber 1 above 3) Mythical …
  2. finance

    can someone correct these for me when you have a few minutes i'll appreciate any help thankyou.my answers are in parenthesis thanks again. Indicate whether a debit or credit decreases the normal balance of each of the following accounts: …
  3. accounting

    Linking debit or credit with normal balance C5 Indicate whether a debit or credit decreases the normal balance of each of the following accounts: a. Office Supplies debit b. Repair Services Revenue debit c. Interest Payable credit …
  4. Accounting

    Please double check me. Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Office Supplies- debit Repair Service Revenue- debit Interest Payable- debit Accounts Receivable- creditSalaries …
  5. Accounting - Please check me

    Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Office Supplies- debit Repair Service Revenue- debit Interest Payable- debit Accounts Receivable- creditSalaries Expense- debit Owner …
  6. accounting

    I have a problem I am trying to post into a journal. the question is.. "Received an invoice on account from Artex Golf Products for merchandise purchased on account" Can anyone help me post this into my journal?
  7. bookkeeping

    a store purchased 500 in merchandise on account.using the periodic inventry system,how would you record your entry?
  8. Financing and Budget

    You, the owner of XYZ Day Care, buy a new van for your business. The van costs $20,000, all of which you borrow from First American Bank. Which of the following correctly describes the journal entry for this transaction?
  9. Financing and Budget

    You, the owner of XYZ Day Care, buy a new van for your business. The van costs $20,000, all of which you borrow from First American Bank. Which of the following correctly describes the journal entry for this transaction?
  10. Accounting

    The accounts payable account is a/an _______, and it has a normal ________ balance. A. revenue; debit B. expense; credit C. liability; debit D. liability; credit I think the answer is D.

More Similar Questions