Caddie Construction Co. signed a promissory note agreeing to pay a cement supplier $1,000 in 60 days. Caddie would record a(n) short-term payable on her balance sheet as a consequence of this transaction.
A transaction is a financial agreement between buyers and sellers. Through the financial agreement, other things take place, as we can see there are many agreements in place based on the exchange of products and purchases.
According to the aforementioned remark, the caddies want a signed and short-term balance sheet so that they may perform a better job and complete more work assigned by the construction business, as well as supply them with the cement supplier. The work form can take placed in it with the right consent.
As a result, Caddie Construction Co. signed a short-term payable note. Transaction
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