7. What type of account is utilized when tracking Accounts Payable by vendor? Select the single best answer: A. contra liability B. contra asset C. subsidiary D. specific identification E. liability 8 When writing of accounts receivable the normal entry a debit to Bad Dot Expense and a credit to Accounts Receivable True False 9. Accounts Receivable is what type of account and appears on which financial statement? Select the single best answer: A. Long-term Asset, income statement B. Owner's Equity, balance sheet C. Current Asset, statement of cash flows D. Current Asset, balance sheet E. Current Asset, income statement 11 XC provided goods to customer on credit for $120,000 on March 1 Which of the towing en bestemor the effect on the accounting equation for X. Co Select the single best answer Anoresse Owner's increase 8. Decrease Owner's Equity, increases Increase set decreases D. Increase Antincense Le E increase One Equity Liabiti Display Setting room E