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Match Each Term to Its Corresponding Descriptive Phrase

question 124

Multiple Choice

Match each term to its corresponding descriptive phrase.
-bond that is formed by the transfer of an electron from one atom to another


Definitions:

Accounts Payable

Accounts payable are liabilities representing the amounts that a company owes to creditors for purchases or services rendered that have not yet been paid.

Supplies Expense

The cost associated with using up supplies during an accounting period, which is recorded as an expense.

Merchandise Inventory

The total value of a company's goods available for sale to customers, typically recorded as an asset on the balance sheet.

Accounts Payable

Liabilities owed by a business to creditors for purchases of goods and services on credit.

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