Multiple Choice

A payment was made on account to a vendor

An amount was borrowed from a bank and a note payable was signed

Salaries were paid to employees

Services were performed for cash

Which of the following transactions would result in a decrease to the company's liabilities?

Multiple Choice

A payment was made on account to a vendor

An amount was borrowed from a bank and a note payable was signed

Salaries were paid to employees

Services were performed for cash