Asked by
Shawneesuree Laiwa-McKay
on Oct 28, 2024Verified
Which of the following accounts normally have a debit balance?
A) Prepaid expenses,Wages payable,Dividends.
B) Cash,Utilities expense,Accounts receivable.
C) Retained earnings,Cost of goods sold,Wages expense.
D) Utilities expense,Prepaid expenses,Wages payable.
Wages Payable
An account that reflects the total amount owed to employees for work performed that has not yet been paid.
Dividends
Payments made by a corporation to its shareholder members, usually derived from profits.
Accounts Receivable
Amounts due from customers for merchandise or services rendered by a corporation, still awaiting payment.
- Identify the normal balance of different types of accounts (assets, liabilities, equity, revenue, and expenses).
Verified Answer
HG
Learning Objectives
- Identify the normal balance of different types of accounts (assets, liabilities, equity, revenue, and expenses).