SOLUTION: hi Can help me thanks Hala incurred $550 as a labor expense and promised to pay within 30 days. Which of the following accounts will increase as a result of this transactio

SOLUTION: hi Can help me thanks Hala incurred $550 as a labor expense and promised to pay within 30 days. Which of the following accounts will increase as a result of this transactio

Algebra.Com

Question 1160861: hi
Can help me
thanks
Hala incurred $550 as a labor expense and promised to pay within 30 days. Which of the following accounts will increase as a result of this transaction?
A) Accounts Receivable
B) Cash
C) Accounts Payable
D) Retained Earnings

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
For Hala it would be Accounts Payable (C)
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