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Author Question: A company has a $9,554 credit balance in the cash account. Given this information, which of the ... (Read 65 times)

craiczarry

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on: Feb 18, 2020
A company has a $9,554 credit balance in the cash account. Given this information, which of the following is a TRUE statement?
◦ It is NOT normal for the cash account to have a credit balance.
◦ This is NOT a normal account balance—companies don't normally have this much cash on hand.
◦ It is ALWAYS normal for the cash account to have a credit balance.
◦ Not enough information provided, since normal account balances are different for each company.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by craiczarry on Feb 18, 2020

lorealeza77

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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.
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craiczarry

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review

nathang24

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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