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Which account should cozy pajamas company use to report

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Reference no: EM132905739

Problem 1: 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?

Select one:

a. Deferred revenue
b. Accounts payable
c. Supplies inventory
d. Accounts receivable

Reference no: EM132905739

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