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Q: For Salary Payable, the category of account and its normal balance are: Liabilities and a credit balance. Assets and a credit balance. Assets and a debit balance.
Owner's equity and a credit balance.
A: Liabilties due to the fact that payroll is an expense. Asset balance until it is converted from Salaries Payable to Salaries Expense
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User: For Salary Payable, the category of account and its normal balance are: Liabilities and a credit balance. Assets and a credit balance. Assets and a debit balance. Owner's equity and a credit balance.





Weegy: Liabilties due to the fact that payroll is an expense. Asset balance until it is converted from Salaries Payable to Salaries Expense
Expert answered|Randi414|Points 0|

User: is an equipment an asset

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Asked 8/30/2012 7:10:18 PM
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Questions asked by the same visitor
A business borrows cash by signing a note payable. Which account is credited? A.Accounts payable B.Accounts receivable C.Cash D.Notes payable
Weegy: B.Accounts receivable is credited. (More)
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Expert Answered
Updated 8/30/2012 11:31:19 PM
1 Answer/Comment
A business borrows cash by signing a note payable. Notes payable is credited.
Added 8/30/2012 11:31:19 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [4/2/2017 3:49:20 AM]
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