A Company Has an $11,263 Credit Balance in the Payable

Multiple Choice

A company has an $11,263 credit balance in the payable accounts. Given this information, which of the following is a TRUE statement?

A) It is NOT normal for payable accounts to have a credit balance.
B) Not enough information provided, since normal account balances are different for each company.
C) It is ALWAYS normal for payable accounts to have a credit balance.
D) Payable accounts shouldn't be this high, so this is not a normal balance.