Select the account below that normally has a credit balance.
A) Owner, Withdrawals.
B) Cash.
C) Sales Salaries Expense.
D) Office Equipment.
E) Wages Payable.

Name: Select the account below that normally has a credit balance. A) Owner, Withdrawals. B) Cash. C) Sales Salaries Expense. D) Office Equipment. E) Wages Payable.
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Question

Quizplus · Accepted Answer

Wages Payable is a liability account that represents the amount of wages owed to employees but not yet paid. Liabilities normally have a credit balance.

Select the Account Below That Normally Has a Credit Balance