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

Author Question: A company has a $11,234 debit balance in the payable accounts. Given this information, which of the ... (Read 48 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Feb 18, 2020
A company has a $11,234 debit balance in the payable accounts. Given this information, which of the following is a TRUE statement?
◦ It is NOT normal for payable accounts to have a debit balance
◦ Payable accounts don't tend to run this high, so this is not a normal balance.
◦ Not enough information provided, since normal account balances are different for each company.
◦ It is ALWAYS normal for payable accounts to have a debit 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 geoffrey on Feb 18, 2020

mrphibs

  • Sr. Member
  • ****
  • Posts: 307
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


geoffrey

  • Member
  • Posts: 880
Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Information flows from the nucleus to the cytoplasm and back. Information flows from the nucleus to the cytoplasm and back.
Meiosis Accounts for Independent Assortment of Alleles p2 Meiosis Accounts for Independent Assortment of Alleles p2
Sharing patient information with colleagues is an important nursing role Sharing patient information with colleagues is an important nursing role
Science versus religion: What accounts for the conflict and tension that have existed between them? Science versus religion: What accounts for the conflict and tension that have existed between them?
Renal regulation of sodium and potassium balance. Renal regulation of sodium and potassium balance.
The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ... The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ...
Video: Gas exchange - driving force

For a complete list of videos, visit our video library