The account used to record payment of a telephone bill immediately after receiving it, would be a(n) :
A) asset.
B) liability.
C) revenue.
D) expense.
Correct Answer:
Verified
Q32: A T-account is a way to visualize
Q33: Which of the following would start with
Q34: Net income and dividends are part of:
A)Revenues.
B)Stockholders'
Q35: A chart of accounts does NOT include:
A)Stockholders'
Q36: A promissory note owed to another company
Q38: Which of the following is NOT an
Q39: Which of the following is an expense
Q40: Which of the following would start with
Q41: A T-account has a $426 debit balance.
Q42: Accounts Payable, Taxes Payable, and Notes Payable:
A)increase
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