Which of the following has a normal credit balance?
A) Accounts Receivable
B) Accounts Payable
C) Supplies Expense
D) T. Stark, Drawing
Correct Answer:
Verified
Q11: In the closing procedure,the _ account balances
Q39: The entry to close the Depreciation Expense
Q39: The _ is a series of steps
Q40: The Income Summary account is classified as
Q41: After the closing entries are posted to
Q44: If a business has a net loss
Q47: The entry to close the Accumulated Depreciation
Q49: The first step in the closing process
Q51: Which of the following accounts has a
Q55: The entry to close the owner's drawing
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