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The accounts payable account is a/an _______, and it has a normal _______ balance. A. revenue; debit B. expense; credit C. liability; debit D. liability; credit
The accounts payable account is a/an liability; and it has a normal credit balance.
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Asked 12/27/2015 12:19:02 AM
Updated 12/28/2015 6:34:33 AM
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The accounts payable account is a/an liability; and it has a normal credit balance.

Added 12/28/2015 6:34:33 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [12/28/2015 6:43:51 AM], Rated good by jeifunk
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what accounts are affected when the company buys supplies on account
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Updated 9/6/2016 11:40:43 AM
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Assets and liabilities are affected when the company buys supplies on account.

Added 9/6/2016 11:40:43 AM
This answer has been confirmed as correct and helpful.
Which of the following is prepared first? A. Balance sheet B. Income statement C. Statement of owner’s equity D. Trial balance
Question|Asked by karen derrick
Not Answered
Updated 12/28/2015 5:58:25 AM
1 Answer/Comment
Trial balance is prepared first.

Added 12/28/2015 5:58:25 AM
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [12/28/2015 12:40:23 PM]
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Updated 12/31/2015 2:06:19 AM
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Which of the following would cause a contra-asset to be credited and an expense debited? A. Recording an accrued expense B. Recording the consumption of supplies C. Recording the building depreciation D. All of the above
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Updated 12/30/2015 4:54:48 AM
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The journal entry to reverse the entry of a customer’s nonsufficient-funds check would include a A. debit to Cash. B. credit to Cash. C. debit to Accounts Payable. D. credit to Accounts Receivable.
Weegy: The journal entry to reverse the entry of a customer s nonsufficient-funds check would include a credit to Cash. (More)
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Updated 12/31/2015 5:58:14 AM
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