Homework Answers
B) Liability, normal balance is credit
Explanation:
Accounts payable are creditors of the company, that is something which we have to pay for in the near future. Hence, we can say that the company is liable to pay that amount so it is to be classified as a liability. Also, since it is a liability the normal balance is a credit balance, and a debit can reduce this liability.
Add Answer to:
9:08 .5GE Х HWweek1: Attempt 1 CTCOIL Question 9 2 points Identify the following accounts of...
9:09 115GE 1 Х HWweek1: Attempt 1 Question 3 2 Points Identify the following accounts of...
9:09 115GE 1 Х HWweek1: Attempt 1 Question 3 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Wages Expense A Asset B Liability Owner's Equity 0 Revenue Expense Debit Credit Question 4 2 Points Save and Close Submit Last saved 9:05:50 PM
9:087 115GE 1 Х HWweek1: Attempt 1 Question 11 2 Points Identify the following accounts of...
9:087 115GE 1 Х HWweek1: Attempt 1 Question 11 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit Barbara Mallary, Drawing A Asset B Liability Owner's Equity D Revenue Expense Debit Credit Question 12 2 Points Save and Close Submit Last saved 9:05:50 PM
9:087 115GE 1 Х HWweek1: Attempt 1 Question 11 2 Points Identify the following accounts of...
9:087 115GE 1 Х HWweek1: Attempt 1 Question 11 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit Barbara Mallary, Drawing A Asset B Liability Owner's Equity D Revenue Expense Debit Credit Question 12 2 Points Save and Close Submit Last saved 9:05:50 PM
9:09 115GE 1 Х HWweek1: Attempt 1 Question 4 2 Points Identify the following accounts of...
9:09 115GE 1 Х HWweek1: Attempt 1 Question 4 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Supplies Asset B Liability Owner's Equity D Revenue Expense Debit Credit Question 5 1 Point Save and Close Submit Last saved 9:05:50 PM
9:09 115GE 1 HWweek1: Attempt 1 Exercise Content Question 1 2 Points Identify the following accounts...
9:09 115GE 1 HWweek1: Attempt 1 Exercise Content Question 1 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit Accounts Receivable A Asset B Liability Owner's Equity D Revenue © Expense Debit Credit Question 2 1 Point Save and Close Submit Last saved 9:05:50 PM
Question 13 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's...
Question 13 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Fees Earned A Asset B) Liability C Owner's Equity D Revenue E Expense F Debit G Credit
Question 13 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's...
Question 13 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Fees Earned A Asset B) Liability C Owner's Equity D Revenue E Expense F Debit G Credit
Identify the following accounts of Advanced Services Co. as asset, liability, owner’s equity, revenue, or expense,...
Identify the following accounts of Advanced Services Co. as asset, liability, owner’s equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Wages Expense a) Assets b) liability c) Owner's equity d) Revenue e) Expense f) debit g) Credit
--/10 Question 6 View Policies Current Attempt in Progress Below are some items found in the...
--/10 Question 6 View Policies Current Attempt in Progress Below are some items found in the financial statements of Petra Zizler. Orthodontist. Indicate (a) whether each of the above items is an asset, liability, or part of owner's equity: and (b) which financial statement-income statement statement of owner's equity, or balance sheet-it would be reported on. The first one has been done for you as an example (a) (b) 1 Accounts payable Liability Balance Sheet 2. Accounts receivable abili 3...
Identify each of the following accounts of Liken Services Co. as asset, liability, stockholders' equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit.
Normal Balances of Accounts Identify each of the following accounts of Liken Services Co. as asset, liability, stockholders' equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit.
9:09 115GE 1 Х HWweek1: Attempt 1 Question 3 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Wages Expense A Asset B Liability Owner's Equity 0 Revenue Expense Debit Credit Question 4 2 Points Save and Close Submit Last saved 9:05:50 PM
9:087 115GE 1 Х HWweek1: Attempt 1 Question 11 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit Barbara Mallary, Drawing A Asset B Liability Owner's Equity D Revenue Expense Debit Credit Question 12 2 Points Save and Close Submit Last saved 9:05:50 PM
9:087 115GE 1 Х HWweek1: Attempt 1 Question 11 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit Barbara Mallary, Drawing A Asset B Liability Owner's Equity D Revenue Expense Debit Credit Question 12 2 Points Save and Close Submit Last saved 9:05:50 PM
9:09 115GE 1 Х HWweek1: Attempt 1 Question 4 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Supplies Asset B Liability Owner's Equity D Revenue Expense Debit Credit Question 5 1 Point Save and Close Submit Last saved 9:05:50 PM
9:09 115GE 1 HWweek1: Attempt 1 Exercise Content Question 1 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit Accounts Receivable A Asset B Liability Owner's Equity D Revenue © Expense Debit Credit Question 2 1 Point Save and Close Submit Last saved 9:05:50 PM
Question 13 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Fees Earned A Asset B) Liability C Owner's Equity D Revenue E Expense F Debit G Credit
Question 13 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Fees Earned A Asset B) Liability C Owner's Equity D Revenue E Expense F Debit G Credit
--/10 Question 6 View Policies Current Attempt in Progress Below are some items found in the financial statements of Petra Zizler. Orthodontist. Indicate (a) whether each of the above items is an asset, liability, or part of owner's equity: and (b) which financial statement-income statement statement of owner's equity, or balance sheet-it would be reported on. The first one has been done for you as an example (a) (b) 1 Accounts payable Liability Balance Sheet 2. Accounts receivable abili 3...
Most questions answered within 3 hours.
-
An entomologist discovers a dung beetle rolling a ball of dung
along the ground, and decides...
asked 42 minutes ago -
Humans have used horses for transportation for millions of
years. Therefore, they will use horses for...
asked 2 hours ago -
The following are the Jensen Corporation's unit costs of making
and selling an item at a...
asked 3 hours ago -
Does direct Medicare reimbursement of Advanced practice nurses
increase access to their services?
asked 3 hours ago -
List and explain why a company would choose to use a
published
compensation survey vs. creating...
asked 4 hours ago -
A discrete random variable X can take values from 1 to 10. Find
the variance of...
asked 4 hours ago -
The primary financial goal of a corporation is to maximize:
shareholders wealth.
earnings per share.
stock...
asked 4 hours ago -
determine whether the vectors u=(1,2,3,), v=(-2,1,0) and
w=(1,0,1) are linearly dependent or independent.
asked 4 hours ago -
python
Define a function called print_values which takes a dictionary
object as a parameter. The function...
asked 5 hours ago -
In Chapter 1 you created a program named Triangle in
which you displayed a seven-line triangle...
asked 5 hours ago -
Research question: What are the differences between separately
stated and non separately stated transactions in an...
asked 5 hours ago -
By using Arduino write a code that connects two LEDs to two
push-buttons. Each button controls...
asked 6 hours ago