menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 20
  4. Exam
    Exam 3: Operating Decisions and the Accounting System
  5. Question
    Which of the Following Accounts Normally Have a Credit Balance
Solved

Which of the Following Accounts Normally Have a Credit Balance

Question 56

Question 56

Multiple Choice

Which of the following accounts normally have a credit balance?


A) Unearned revenues; Prepaid rent; Revenues.
B) Revenues; Expenses; Retained earnings.
C) Revenues; Cash; Unearned revenue.
D) Accounts payable; Retained earnings; Revenues.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: Explain why the net income reported on

Q41: Which of the following statements is correct?<br>A)Expense

Q51: Under accrual accounting, rent expense for February,

Q52: Mama June Pizza Company sold land costing

Q53: The revenue realization principle recognizes revenue when

Q57: Which of the following best describes operating

Q59: According to the matching principle, salary expense

Q60: Which of the following journal entries

Q61: The primary difference between revenues and gains

Q113: An example of operating revenue would be

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines