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r-ruslan [8.4K]
1 year ago
13

The accounts payable account is a/an _______, and it has a normal _______ balance.

Business
1 answer:
Katyanochek1 [597]1 year ago
3 0

In finance and accounting, accounts payable can operate as either a credit or a debit. Because accounts payable is a penalty account, it should have a credit balance.

<h3>Are accounts owed a debit or credit in normal balance?</h3>

Accounts payable (A/P) is a type of penalty account, so it stays on the credit side of the trial balance as the normal balance. It is the amount that we owe to suppliers for the interests or services that we have already acquired but have not paid yet.

Accounts payable (AP) is a short-term debt and a liability on a balance sheet where a corporation owes money to its vendors/suppliers that have provided the business with goods or services on credit.

To learn more about normal balance visit the link

brainly.com/question/15181114

#SPJ4

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Who are the stakeholders who should be involved in the system and acquisition process?
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Stakeholders in a business process may include the project manager, employees, donors, investors, shareholders, customers, competitors, suppliers, vendors, local and national communities, internal and external organizations, government and its regulatory agencies and labor unions.

In business, a stakeholder is a member of "the group without whose assistance the organization would cease to exist," as defined in the term first used in a 1963 Stanford Research Institute internal memorandum. This theory was developed and endorsed by R. Edward Freeman in the 1980s.

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Learn more about Stakeholders brainly.com/question/4404879

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3 0
1 year ago
The bookkeeper for Wildhorse Co. asks you to record the following accrual adjustments at December 31 in the tabular summary that
dsp73

Answer:

The attached file has the answer required.

Interest on notes payable will be a liability as it is accrued. It will still be accounted from the expenses however.

Services is a revenue stream that was not recorded so it will go to Accounts Receivable and Revenue.

Salaries unpaid will become a liability and an expense in the income statement.  

6 0
3 years ago
How did the minimum wage change in october 1996? what other change occurred in september 1997?
grigory [225]
It was the declared on October 1996 to have at least a minimum wage of $4.75 per hour. A year and a month after, it was increased to $5.15 per hour.
3 0
3 years ago
Trader Joe's is an American chain of grocery stores headquartered in Monrovia, California. Trader Joe's creates a competitive ad
Goryan [66]

Answer:

Differentiation focus strategy

Explanation:

Competitive advantage is defined as the factors or strategy that gives a firm an edge over others in the same industry.

They are able to sell more product and make more profit than their competitors.

Trader Joe's creates a competitive advantage by its ability to incorporate upscale or attractive attributes into its product offerings at lower costs than rivals.

They are using differentiation focus strategy which entails developing a unique product based on selected attributes that are widely valued by customers.

Focus is given to making products that specifically meet these needs.

The result is a product that is unique in the industry. Products from Trader Joe's can't be found anywhere else. Also they provide a unique atmosphere and unique interaction with their staff.

They have been able to have reduced pricing through research and other tactics aimed at reducing cost of production in a sustainable manner.

4 0
3 years ago
In 2019, Wesley has a fairly simple tax situation with moderate wage income and a modest amount of interest income. Wesley, age
asambeis [7]

He may file Form 1040.

Explanation:

Form 1040 is the IRS standard form which is used by individual taxpayers to file their annual tax reports.

Form 1040 is the IRS tax form used mostly for personal tax returns submitted by US citizens by the federal government. Form 1040 is a form. The method estimates the taxpayer's gross taxable income and specifies how much the government has to pay or repay.

Who can file? If a person passes the Substantial Appearance Test or the Green Card Test, but some cases exist; people who have a taxable earnings in the US, but refuse to meet the obligation to be resident aliens, must register for taxation purposes for non-resident aliens.

3 0
3 years ago
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