Answered: 7. Which of the following accounts is…

7. Which of the following accounts is an liability? a. Bank deposit b. Prepaid insurance expense c. Account payable d. Short term investment

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 16MC: Which of these accounts is a liability? A. Accounts Receivable B. Supplies C. Salaries Expense D....

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Question

7. Which of the following accounts is an liability?
a. Bank deposit b. Prepaid insurance expense c. Account
payable d. Short term investment

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