Identify the list of accounts below that would normally all have a debit balance.
A)Salaries Payable, Medicare Tax Payable, Office Salaries Expense.
B)Salaries Expense, Salaries Payable, Cash.
C)Cash, Salaries Expense, Insurance Expense.
D)Employee Income Tax Payable, Social Security Tax Payable, Wages Expense.

Question

Quizplus · Accepted Answer

Cash, Salaries Expense, and Insurance Expense are all accounts that normally have a debit balance. Cash is an asset account, and increases in assets are recorded as debits. Salaries Expense and Insurance Expense are expense accounts, which also typically have debit balances as they represent costs to the business.

Identify the List of Accounts Below That Would Normally All