Which of the following accounts usually has a debit balance? a. Accounts Payable b. Sales Tax ...

Author Question: Which of the following accounts usually has a debit balance? a. Accounts Payable b. Sales Tax ... (Read 73 times)

Marty

Hero Member
Posts: 553

on: Jul 5, 2018

Which of the following accounts usually has a debit balance?
a. Accounts Payable
b. Sales Tax Payable
c. Sales
d. Merchandise Inventory

Question 2

The Securities and Exchange Commission (SEC) requires all publicly traded companies to have a fiscal yearend of December 31.

Indicate whether the statement is true or false

prumorgan

Sr. Member
Posts: 326

Reply #1 on: Jul 5, 2018

Answer to Question 1

d

Answer to Question 2

FALSE

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

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.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.