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

Question 95

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) account receivable
B) account payable
C) current liability
D) fixed liability

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