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 41 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
:D TYSM

lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Sharing patient information with colleagues is an important nursing role Sharing patient information with colleagues is an important nursing role
The driver information display on a Chevrolet Impala with a 5.3 liter V-8 equipped with active fuel ... The driver information display on a Chevrolet Impala with a 5.3 liter V-8 equipped with active fuel ...
Hypothetical Exchanges of Information within the Brain of a Patient with Visual Agnosia Hypothetical Exchanges of Information within the Brain of a Patient with Visual Agnosia
The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling
Acid–Base Balance Acid–Base Balance
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library