Types of liability, The widgets were delivered in February,

Types of liability

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Reference no: EM133650458

Question

JT Engineering Ltd. (JT) purchased 10,000 widgets in January. The widgets were delivered in February, with payment due 30 days from delivery date. Which of the following types of liability is created for JT by this transaction? Select answer from the options below trade accounts payable trade notes payable zero-interest-bearing notes payable supplier advances.

Reference no: EM133650458

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