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Author Question: A company has a $12,354 credit balance in the salary payable account. Given this information, which ... (Read 26 times)

Arii_bell

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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
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Marked as best answer by Arii_bell on Feb 18, 2020

ebe

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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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Arii_bell

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Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

kswal303

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Reply 3 on: Yesterday
Excellent

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