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Author Question: A company has a $11,234 debit balance in the payable accounts. Given this information, which of the ... (Read 66 times)

geoffrey

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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
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Marked as best answer by geoffrey on Feb 18, 2020

mrphibs

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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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geoffrey

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Reply 2 on: Feb 18, 2020
Thanks for the timely response, appreciate it

olderstudent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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