Slide 10-9 Accounts Payable Short-term obligations to suppliers for purchases of merchandise and to others for goods and services Office Merchandise supplies Inventory Invoices Invoices Utility and Shipping phone bills charges Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999?The McGraw-Hill Companies, Inc., 1999 Slide 10-9 Irwin/McGraw-Hill Accounts Payable Short-term obligations to suppliers for purchases of merchandise and to others for goods and services. Merchandise Inventory invoices Shipping charges Utility and phone bills Office supplies invoices