Which of the following transactions affects the liabilities for Gravette,Inc.?
A) Supplies are purchased for cash by Gravette.
B) Gravette places an order for merchandise with a supplier;the merchandise will be shipped to Gravette in 60 days.
C) The owners of Gravette invest $100,000 in the company.
D) Payment is made on a bank loan which Gravette had obtained six months ago.
Correct Answer:
Verified
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