Which accounts have a normal credit balance? choose all answers that are correctA) Supplies
B) Accounts Payable
C) Cash
D) Insurance
E) Capital
F) Sales

Answers

Answer 1

Answer:

Final answer:

Accounts Payable, Insurance, and Capital have normal credit balances.

Explanation:

The accounts that have a normal credit balance are Accounts Payable, Insurance, and Capital.

Accounts Payable is a liability account that represents amounts owed to suppliers or vendors. Insurance is an expense account that records the cost of insurance coverage. Capital is an equity account that represents the owner's investment in the business.

On the other hand, Supplies, Cash, and Sales have normal debit balances. Supplies is an asset account, Cash is also an asset account, and Sales is a revenue account.

Learn more about Normal credit balance here:

brainly.com/question/20596968

#SPJ6

Related Questions

To be successful, an entrepreneur must be willing to invest money, considerable effort, and
Which phrase defines complementary goods?A.)goods used in combination with other products B.)goods given free of cost with the purchase of other items C.)goods distributed as product samples among customers D.)goods sold at a discounted price during sale season
The face value of a promissory note is a. the discounted value of the note. b. the amount for which the note is written plus the interest due to the maturity date. c. the amount for which the note is written. d. its realizable value.
verge ltd has issued the following shares which have equal voting rights:class a: 100 sharesclass b: 100 shares class c: 100 sharesclass d: 100 shareswhat type of company is verge ltd?group of answer choicesa public company limited by shares. a proprietary company.unknown as the provisions of the constitution have not been revealed.a listed no liability company.an incorporated association.a public company limited by guarantee.
How does the rate of a proportional tax change with income?A) The rate increases as income increases. B) The rate remains the same, even if income increases or decreases. C) The rate decreases as income increases. D) The rate decreases as income decreases.

As an HR manager at an electronics firm, you learn that the position of Technician I at your firm is underpaid. What would be the best way to handle this situation

Answers

Answer:

tgeg dbchd dunf djngn

Explanation:

Which of the following is not a disadvantage to cash advances on a credit card? a. Cash advances are similar to loans in that they need to be paid back with interest. b. Cash advances require a lot of paperwork and are generally difficult to get. c. Cash advances are often the last thing to be paid when paying off your credit card. d. Cash advances often come with an interest rate much higher than your credit card.

Answers

the correct answer is B. Cash advances require a lot of paperwork and are generally difficult to get.

just did the test, A. was wrong

The statement that is not a disadvantage to cash advances on a credit card is that (A) Cash advances are similar to loans in that they need to be paid back with interest. When you ask for a cash advance, it is a service provided by most credit card and charge card issuers. This will become a credit limit.

How do priorities and goals influence the way money is managed?

Answers

How you manage your money greatly depends upon your priorities and goals. For instance, if you goal is to have a financially secure retirement, you would need to start saving and investing now. However, if your goal is to live your best life now, then you may spend more in the short term.

A journal designed for entering only sales on account is called thea. Cash receipts journal.
b. cash payments journal.
c. sales journal.
d. general journal

Answers

The answer to the question stated above is letter c. sales journal.

Sales journals are used for recording sales of merchandise on account, it is sometimes termed as credit sales.
Cash sales are not recorded on Sales journal because they belong in the cash receipts journal.

Answer:C )sales journal

Explanation:sales journal records credit sales

cash receipt journal records cash sales

general journal records sales on credit of assets

The following example illustrates which of the following factors that can cause a shift in supply? If the price of lumber decreases, the Crystal Match Company would increase its supply of matches, because it would be making more profit off of each box.a. changes in technology
b. government involvement
c. changes in the prices of inputs
d. changes in the prices of other goods

Answers

The answer is C. Changes in prices of inputs

Lumber is the raw material in producing matches ( the inputs). If the price of lumber is currently dropped, it is rational for the company to increase the supply of matches to gain more profit.

So option C is an appropriate answer in this case

What is capital as a factor of production?

Answers

Capital is one of thethree primary factors of production. Others are land and labor. Capital orcapital goods can be consumable ones, but it is better if they are left unused,where there will be more supply available for a subsequent time. Also, anythingthat can help the owner to do efficient work is called capital. An example forthis is a machine in a factory that can help the owner of the business do workfaster and gain more income-producing goods.

Other Questions

Which of the following statements about federal student loans is true? A) the interest rate on your loan will be fixed over time. B) the interest rates on federal loans and private loans are similar. C) you can only get federal student loans if you demonstrate financial need. D) you do not accumulate interest on federal loans.

Inflation is skyrocketing, and prices are out of control. What are banks most likely to ask the Federal Reserve to do with regards to government bonds and reserve requirements? Be sure to explain why.

Which payment method typically charges the highest interest rates? ACredit cards BCashier's checks CPre-paid cards DPayday loans

Which of these ideas had the most influence on the American Revolution? the Great Awakening the Enlightenment the Renaissance Socialism