Identify the account below that is classified as a liability account:
A) J. Jackson, Capital
B) Equipment
C) Accounts Payable
D) Salaries Expense
E) Cash

Name: Identify the account below that is classified as a liability account: A) J. Jackson, Capital B) Equipment C) Accounts Payable D) Salaries Expense E) Cash
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Question

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Accounts Payable is a liability account, as it represents the amount owed by a company to its suppliers or vendors for goods or services purchased on credit.

Identify the Account Below That Is Classified as a Liability