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    Financial statement classification of computer purchases

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    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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    Alex bought $50,000 worth of computers for his firm and he will pay ...

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