Which of the following accounts are expected to have a credit normal balance? 1.Cash
2)Salary Expense
3)Retained Earnings
4)Accumulated Depreciation
5)Sales
6)Prepaid Rent
7)Accounts Payable
A)Cash,Retained Earnings,Sales
B)Salary Expense,Accounts Payable,Accumulated Depreciation
C)Cash,Retained Earnings,Accumulated Depreciation,Prepaid Rent,Accounts Payable
D)Cash,Salary Expense,Prepaid Rent
E)Retained Earnings,Accumulated Depreciation,Sales,Accounts Payable

Question

Quizplus · Accepted Answer

Retained Earnings, Accumulated Depreciation, Sales, and Accounts Payable are accounts with a credit normal balance. Retained Earnings and Sales increase with credits, reflecting income and retained profits. Accumulated Depreciation is a contra-asset account that increases with credits, showing the depreciation of assets over time. Accounts Payable increases with credits, indicating the amount owed to creditors.

Which of the Following Accounts Are Expected to Have a Credit