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attashe74 [19]
2 years ago
11

Which one of the following accounts will have a credit balance?

Business
1 answer:
Tems11 [23]2 years ago
3 0

Answer:

Common Stock

Explanation:

We know that

The debit sections track assets, expenses side, and dividend while revenues, stockholder equity, and the liability side are reported in the credit section.

So in the given question, the common stock has credit balance whereas the dividend, supplies, and the salary expense has a debit balance

By proper posting of accounts in the correct columns, the total of debit and credit columns would be matched.

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Answer:

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Answer:

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1. Indication of where each of the following income-related items for this company appears on its 2017 income statement.

Income Statement

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