Each of the following accounts has a normal credit balance except ________.
A) Sales Revenue
B) Accumulated Depreciation
C) Investments
D) Accounts Payable
Correct Answer:
Verified
Q1: The normal balance of a liability account
Q28: Bradley Company paid $25,000 in dividends to
Q29: Jenner Corporation paid its annual dividend. This
Q31: List and define the elements of
Q32: Which of the following accounts has a
Q34: Murphy Corporation engaged in the following transactions
Q35: A revenue account has a normal debit
Q36: The balance in the common stock account
Q37: The Dark Chocolate Shoppe collected cash for
Q38: Douglas Corporation paid $6,000 for monthly rental
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents