Cory issued a note to his creditor in exchange for an account. Cory records the transaction by debiting

2 answers:

Taya2010 [7]3 years ago

3 0

The answer is D. a debit to accounts payable and a credit to notes payable. This is because Cory issued a note to his creditor as a promise that he will pay the creditor. With this, he will be gaining a Notes Payable, or a promissory note stating that he will pay, and will be losing an Accounts Payable. So according to the rules of accounting, if a liability is debited, then it will be lessened from the books of the business. If a liability is credited, however, then it will be added to the records of the business.

LiRa [457]3 years ago

3 0

The correct answer is letter C. Accounts Payable and Crediting Notes Payable.

You might be interested in

Ok i dont know how much my parents have to pay for childrens in rapids wayer park. Can SOMEONE PLZ TELL ME AND I WILL GIVE YOU B

Nezavi [6.7K]

Regular Admission (All Day)

Individual rate Monday-Friday (No Holidays) - $42.99 plus tax

Individual rate Saturday-Sunday (And Holidays) - $47.99 plus tax

Children 2 and under are free

3 0

3 years ago

An item not normally included in ansi recommendations but recommended by other groups is

dybincka [34]

The item that is not normally included in the ANSI recommendations but are included and recommended by other group is the defibrillator, this is useful in medical situations in which it has the ability to treat cardiac dysrhythmias that is life threatening.

6 0

3 years ago

Read 2 more answers

Candice’s first job was at the grocery store making deli food. While in culinary school, she worked part time in a restaurant ki

jok3333 [9.3K]

Answer:

move up the career ladder

Explanation:

A career is a series of jobs that are related, whose foundation is based on interest, knowledge, training and experience. Moving up the career ladder means that one has continuously been growing in experience by moving from series of related jobs with fewer responsibilities to the one with more responsibilities within a specific profession.

Moving up the the career ladder also involve continuous advancement in education related to one's profession with a view to gaining more knowledge that would be applied to the chosen job hence above is an example of moving up the career ladder.

7 0

3 years ago

Customer value can be defined as Multiple choice question. obtaining a product or service at the lowest price possible, regardle

Paladinen [302]

That’s crazy math right there am I right

3 0

3 years ago

The tax rate of $.0815 in decimal can be expressed as _____ mills.

amid [387]

<span>The tax rate of $.0815 in decimal can be expressed as 81.5 mills.
</span>one mill is one thousandth of a currency unit, or 0.001$. So 0.0815 in mills means we have to divide 0.0815 by 0.001
0.0815/0.001 = 81.5

6 0

3 years ago