Multiple Choice
The normal balance of notes payable is a ________ because it is a(n) ________ account.
A) debit; expense
B) credit; revenue
C) debit; asset
D) credit; liability
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q96: A $100 collection on account was posted
Q97: Performing a service on account would include
Q98: Prepare a trial balance, in good
Q99: Notes receivable is a liability account.
Q100: Performing a service for cash would:<br>A)affect the
Q102: Following is a list of errors
Q103: The last step in the journalizing process
Q104: The normal balance of the Accounts Payable
Q105: The normal balance of land is a
Q106: An owner investment of equipment into the