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 the list provided, Accounts Payable, Salaries Payable, and Common Stock have normal credit balances.

Consider the Following List of Accounts: Accounts Payable