Question

multiple select question
select all that apply
choose the accounts below, that would have a normal credit balance.

revenues
accounts payable
supplies expense
common stock
unearned revenues
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Explanation:

• Revenues: Increases equity, normal credit balance.
• Accounts Payable: Liability, normal credit balance.
• Common Stock: Equity, normal credit balance.
• Unearned Revenues: Liability, normal credit balance.
• Supplies Expense: Expense, normal debit balance (excluded).

Answer:

• Revenues
• Accounts Payable
• Common Stock
• Unearned Revenues