Harris Landscaping Services incurred $500 as a labor expense and promised to pay the labor agency within 30 days.Which of the following accounts will increase as a result of this transaction?

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In this transaction, Harris Landscaping Services incurred a debt to the labor agency, which means that they owe money to someone else. Accounts Payable represents the amount of money that a business owes to its suppliers or vendors for goods or services received on credit. Therefore, Accounts Payable will increase as a result of this transaction. Accounts Receivable and Retained Earnings are not affected because no revenue or income was generated, and Cash is not affected until payment is made to the labor agency.

Harris Landscaping Services Incurred $500 as a Labor Expense and Promised