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Ben Dryden, president of Jet Glass, Inc, noticed a $8,000 debit to Accounts Payable in the company's general ledger. This debit could correspond to:

A) A $8,000 sale to a customer.

B) A payment of $8,000 to a supplier to settle a balance due.

C) A purchase of equipment costing $8,000 on credit.

D) The failure to pay this month's $8,000 utility bill on time.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M947490

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