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Which account should cozy pajamas company use

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Reference no: EM132932901

Question - The Cozy Pajamas Company owes $1.5 million to the Brushed Cotton Company from whom Cozy Pajamas Company buys its fabrics. Which account should Cozy Pajamas Company use to report the amount owed?

a. Deferred revenue

b. Accounts payable

c. Supplies inventory

d. Accounts receivable

Reference no: EM132932901

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