The normal balance of wages payable is a ________ because it is a(n) ________ account.
A) credit; liability
B) credit; revenue
C) credit; owner's equity
D) credit; asset
Correct Answer:
Verified
Q32: Credit is a term representing:
A)the right side
Q33: The withdrawal of cash by the owner
Q34: Performing a service on account would include
Q35: The purchase of equipment by issuing a
Q36: The normal balance of land is a
Q38: An owner investment of cash into the
Q39: The normal balance of notes payable is
Q40: The purchase of equipment for cash would:
A)increase
Q41: The account debited when payment is made
Q42: The purchase of a building by signing
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