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Lolly's Sparkling Waters Delivered $380 of Drinks to the Local

Question 145

Multiple Choice

Lolly's Sparkling Waters delivered $380 of drinks to the local high school,but hasn't received payment yet.Lolly will report:


A) nothing,because payment hasn't been received yet.
B) Cash of $380,because the school will pay for the drinks eventually.
C) Accounts payable of $380.
D) Accounts receivable of $380.

Correct Answer:

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