laesmith6497 laesmith6497
  • 20-01-2020
  • Business
contestada

Which one of the following accounts will have a credit balance?
O Dividends
O Salary Expense
O Supplies
O Common Stock

Respuesta :

andromache andromache
  • 21-01-2020

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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