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Grainger Distribution Company Sold Long Electronics 10 Circuit Breakers for $169.00

Question 104

Multiple Choice

Grainger Distribution Company sold Long Electronics 10 circuit breakers for $169.00 each.Long Electronics will be allowed 30 days to pay the bill.Grainger will carry the $1690.00 on its books as which of the following?


A) an account receivable
B) an account payable
C) a current liability
D) a fixed liability

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