Consider the following list of accounts:
Accounts Payable
Cash
Prepaid Rent
Common Stock
Salaries Payable
Equipment
Supplies
Rent Expense
How many of these accounts have a normal credit balance?
A)Two.
B)Three.
C)Four.

Question

Consider the following list of accounts: 
Accounts Payable
Cash
Prepaid Rent
Common Stock
Salaries Payable
Equipment
Supplies
Rent Expense
How many of these accounts have a normal credit balance?
A)Two.
B)Three.
C)Four.

Quizplus · Accepted Answer

Accounts Payable, Common Stock, and Salaries Payable have a normal credit balance.

Consider the Following List of Accounts