Blooming Wholesale Foods allows retailers to purchase merchandise using trade credit.For Blooming,this type of transaction
A) is written off as a bad-debt expense.
B) is an unusual type of transaction between a wholesaler and retailers.
C) should be paid within thirty to sixty days.
D) is referred to as a notes payable account by Dillon's accountants.
E) creates a liability for Dillon Wholesale.
Correct Answer:
Verified
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