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Owes Ace Auto Company $500 (Accounts Payable) A. Asset C. Both B. Liability D. Neither

Owes Ace Auto Company $500 (Accounts Payable) A. Asset C. Both B. Liability D. Neither
asked 216k views
1 vote
Owes Ace Auto Company $500 (Accounts Payable)

A. Asset
C. Both
B. Liability
D. Neither

asked
User Rmooney
by
8.1k points

2 Answers

6 votes
A. Asset because it'd be marked like that
answered
User Simon Munro
by
9.3k points
3 votes
the answer would be A. Assets
answered
User Bmbigbang
by
8.2k points
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