Haskins Company recorded a business event in these T-accounts: Which of the following choices accurately reflects how this event would affect the company's financial statements?
A)Option A
B)Option B
C)Option C
D)Option D

Question

Haskins Company recorded a business event in these T-accounts:  Which of the following choices accurately reflects how this event would affect the company's financial statements? 
A)Option A 
B)Option B 
C)Option C 
D)Option D

Quizplus · Accepted Answer

The debit to cash and credit to notes payable indicates that cash, an asset, and notes payable, a liability, both increase

Haskins Company Recorded a Business Event in These T-Accounts