Consider the following list of accounts: Accounts Payable
Cash
Prepaid Rent
Common Stock
Salaries Payable
Equipment
Supplies
Rent Expense
How many of these accounts have a normal credit balance?

Question

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Accounts with a normal credit balance are typically liabilities, equity, and revenue accounts. In this list, Accounts Payable, Common Stock, and Salaries Payable have normal credit balances.

Consider the Following List of Accounts: Accounts Payable