Which of the following accounts normally have a debit balance?
A)Prepaid expenses, wages payable, and dividends.
B)Cash, utilities expense, and accounts receivable.
C)Retained earnings, cost of goods sold, and wages expense.
D)Utilities expense, prepaid expenses, and wages payable.

Question

Quizplus · Accepted Answer

Assets and expenses have normal debit balances. Cash, utilities expense, and accounts receivable are all classified as either assets or expenses.

Which of the Following Accounts Normally Have a Debit Balance