Give the category, the classification, and the report(s) on which each of the following appears (e.g., Cashasset,
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a. Accrued Salaries
b. Accounts Payable
c. Mortgage Payable
d. Unearned Legal Fees
e. Income Tax Payable
f. Office Equipment
g. Land Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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