Asked by

Monica Ramos
on Oct 16, 2024

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Select the account below that normally has a credit balance.

A) Cash.
B) Office Equipment.
C) Wages Payable.
D) Dividends.
E) Sales Salaries Expense.

Credit Balance

The amount of money in a financial account that indicates a creditor's position; it can also mean the positive balance in a customer's account.

Wages Payable

Wages payable are the amounts owed to employees for work performed that have not yet been paid; it is a liability on the company's balance sheet.

Office Equipment

The tools, devices, or machinery used in an office setting to assist with day-to-day operations, including computers, printers, and furniture.

  • Gain insight into the fundamental aspects of debit and credit in the accounting field.
  • Identify the effects of transactions on financial statements.
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camela gotocOct 19, 2024
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