Which of the following groups of accounts contains only those that normally have credit balances?
A)Accounts Payable;Retained Earnings;Service Revenue.
B)Equipment;Cash;Contributed Capital.
C)Notes Payable;Wages Payable;Rent Expense.
D)Accounts Receivable,Retained Earnings,Cash.

Question

Quizplus · Accepted Answer

Accounts Payable, Retained Earnings, and Service Revenue are all accounts that typically have credit balances.

Which of the Following Groups of Accounts Contains Only Those