Solved: Financial statement classification of computer purchases, Accounting Basics

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Financial statement classification of computer purchases

Question: Alex bought $50,000 worth of computers for his firm and he will pay the vendor for these computers on the fifteenth of next month. These items would be carried on the ____________ and listed as _________________.

balance sheet, accounts payable
balance sheet, notes payable
income statement, accounts payable
income statement, notes payable
none of the above.

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Accounting Basics: Financial statement classification of computer purchases

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