A foreign corporation is one that is incorporated in another nation

For each transaction, identify which account is debited and which account is credited. Use proper account titles

Transaction Debit Credit Received a bill for utilities to be paid next month Performed services on account Paid cash for a 12-month insurance policy, coverage starting next month Paid rent for the current month Borrowed cash from the bank for business use; a note was signed What will be an ideal response

The form of economic cooperation that calls for (1 ) eliminating internal barriers to trade and (2 ) establishing common external barriers is known as a(n):

A) European Union. B) Economic union. C) Customs union. D) Free trade area. E) Common market.