Homework Help is Here – Start Your Trial Now!
Business
Accounting
Which account has a normal credit balance? a) Supplies b) Accounts Payable c) Rent Expense d) Land

Which account has a normal credit balance? a) Supplies b) Accounts Payable c) Rent Expense d) Land

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 11Q: Will an accounts receivable balance increase with a debit or a credit entry? How do you know?
See similar textbooks
icon
Related questions
Question
Which account has a normal credit balance? a) Supplies b) Accounts Payable c) Rent Expense d) Land
Transcribed Image Text:Which account has a normal credit balance? a) Supplies b) Accounts Payable c) Rent Expense d) Land
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Personal Finance
Personal Finance
Finance
ISBN:
9781337669214
Author:
GARMAN
Publisher:
Cengage
SEE MORE TEXTBOOKS