For each item numbered A through J below, select the appropriate effect on liabilities that each transaction describes. 1 point each In a lawsuit filed against the firm, counsel indicates that the potential $10,000 loss is remote. Choose… Decrease current liabilities No effect on recorded current liabilities Increase current liabilities Issued a $1,000 short-term note payable for $970. Choose… Purchased supplies on account. Choose… Collected sales tax on behalf of the state government. Choose… Paid accounts payable. Choose… Paid the cash dividend previously declared. Choose… A portion of long-term debt is due next year. Choose… Received money from customers prior to delivery of the product to the customer. Choose… Delivered products to a customer who previously paid for that product. Choose… Declared cash dividends to holders of stock.
https://zactutor.com/wp-content/uploads/2021/03/logo-300x75.png 0 0 developer https://zactutor.com/wp-content/uploads/2021/03/logo-300x75.png developer2022-09-21 22:29:522022-09-21 22:29:52For each item numbered A through J below, select the appropriate effect on liabilities that each tra