Certain liability and net worth items generally increase spontaneously with increases insales. Put a check mark ( ) next to those items that typically increase spontaneously.   Accounts payable                         ___________Notes payable to banks              ___________Accrued wages                          ___________Accrued taxes                              ___________Mortgage bonds                        ___________Common stock                          ___________Retained earnings                    ___________

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 11EA: Mirror Mart uses the balance sheet aging method to account for uncollectible debt on receivables....
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Certain liability and net worth items generally increase spontaneously with increases in
sales. Put a check mark ( ) next to those items that typically increase spontaneously.

 

Accounts payable                         ___________
Notes payable to banks              ___________
Accrued wages                          ___________
Accrued taxes                              ___________
Mortgage bonds                        ___________
Common stock                          ___________
Retained earnings                    ___________

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