Alex bought $50,000 worth of computers for his firm,he will pay the vendor for these computers on the fifteenth of next month.These items would be carried on the and listed as .
A)balance sheet;accounts payable
B)income statement;notes payable
C)income statement;accounts payable
D)balance sheet;notes payable
E)none of the above

Question

Quizplus · Accepted Answer

The computers are a liability until paid for, so they appear on the balance sheet as accounts payable.

Alex Bought $50,000 Worth of Computers for His Firm,he Will