A T-account has a $864 credit balance. This account is most likely:
A)Office Equipment.
B)Rent Expense.
C)Dividends.
D)Sales Revenue.

Name: A T-account has a $864 credit balance. This account is most likely: A)Office Equipment. B)Rent Expense. C)Dividends. D)Sales Revenue.
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Question

Quizplus · Accepted Answer

Sales Revenue accounts typically have a credit balance, reflecting income earned by the business. Other options like Office Equipment, Rent Expense, and Dividends usually have debit balances.

A T-Account Has a $864 Credit Balance