The Salaries Payable account is a(n)________.
A) liability account with a normal debit balance
B) asset account with a normal debit balance
C) liability account with a normal credit balance
D) asset account with a normal credit balance

Question

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Salaries Payable is a liability because it represents the amount the company owes to its employees for work already performed but not yet paid. As a liability, it has a normal credit balance (increases with credits and decreases with debits).

The Salaries Payable Account Is A(n)________