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2. How Accounts Payable Are Recorded on a Balance Sheet - AOL

   www.aol.com/accounts-payable-recorded-balance...

   Accounts payable represent money an organization owes to vendors and suppliers for items and services purchased on credit. Since the purchase is made on credit, it's recorded as a credit account.

3. Accounts receivable - Wikipedia

   en.wikipedia.org/wiki/Accounts_receivable

   Accounts receivable represents money owed by entities to the firm on the sale of products or services on credit. In most business entities, accounts receivable is typically executed by generating an invoice and either mailing or electronically delivering it to the customer, who, in turn, must pay it within an established timeframe, called credit terms [citation needed] or payment terms.

4. Debt collection - Wikipedia

   en.wikipedia.org/wiki/Debt_collection

   The person who owes the bill or debt is the debtor. Debtors may fail to pay (default) for various reasons: because of a lack of financial planning or overcommitment on their part; due to an unforeseen eventuality such as the loss of a job or health problems; dispute or disagreement over the debt or what is being billed for; or dishonesty on the ...

5. IOU - Wikipedia

   en.wikipedia.org/wiki/IOU

   An IOU (abbreviated from the phrase "I owe you" [1] [2]) is usually an informal document acknowledging debt. An IOU differs from a promissory note in that an IOU is not a negotiable instrument and does not specify repayment terms such as the time of repayment. IOUs usually specify the debtor, the amount owed, and sometimes the creditor.

6. 10 Bills You Should Pay Yearly Instead of Monthly - AOL

   www.aol.com/10-bills-pay-yearly-instead...

   Car insurance is the most common bill people think of when it comes to annual savings. You can save around 6%-14% on your premiums if you pay for your insurance six or 12 months at a time.

7. Should you use a home equity loan to pay for medical bills? - AOL

   www.aol.com/finance/home-equity-loan-for-medical...

   Options for using your home equity to pay for unexpected medical bills. You can use your home's equity in three different ways. Each has distinct features that may make one option better than ...

8. Use tax - Wikipedia

   en.wikipedia.org/wiki/Use_tax

   The use tax imposes a compensating tax equal in amount to the sales tax that would have been imposed on the sale of the property, if the sale had occurred within the state's taxing jurisdiction. [3] The use tax is typically assessed at the same rate as the sales tax that would have been owed, and generally the taxability of the good or service ...

9. What Happens If You Are Legally Owed Money By Someone ... - AOL

   www.aol.com/happens-legally-owed-money-someone...

   Write a claim to the executor or administrator of the estate stating under oath that you are owed a debt. Provide details about the debt amount and attach any written documentation to the claim.