This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A company has a $12,354 credit balance in the salary payable account. Given this information, which ... (Read 35 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
on: Feb 18, 2020
A company has a $12,354 credit balance in the salary payable account. Given this information, which of the following is a TRUE statement?
◦ Not enough information provided, since normal account balances are different for each company.
◦ Payable accounts shouldn't be this high, so this is not a normal balance.
◦ It is ALWAYS normal for payable accounts to have a credit balance.
◦ It is NOT normal for payable accounts to have a credit balance.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Arii_bell on Feb 18, 2020

ebe

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


Arii_bell

  • Member
  • Posts: 596
Reply 2 on: Feb 18, 2020
Wow, this really help

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Discharge summary information Discharge summary information
Healed bone fractures can provide clues about activities and fresh fractures can yield information a Healed bone fractures can provide clues about activities and fresh fractures can yield information a
Using alert labels enables the medical staff to quickly identify important information such as ... Using alert labels enables the medical staff to quickly identify important information such as ...
Renal regulation of sodium and potassium balance. Renal regulation of sodium and potassium balance.
Surfing the Internet for nutrition information Surfing the Internet for nutrition information
The leptin–melanocortin pathway of energy balance The leptin–melanocortin pathway of energy balance
Video: Exocytosis - secretion

For a complete list of videos, visit our video library