8. Identify the account below that is classified asa liability account: Cash Accounts Payable Salaries Expense Common

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8. Identify the account below that is classified asa liability account:

Cash

Accounts Payable

Salaries Expense

Common Stock

Equipment

7. Select the account below that normally has a credit balance.

Cash.

Office Equipment.

Wages Payable.

Dividends.

Sales Salaries Expense.

4. Distributions of cash or other resources by a business to itsstockholders are called:

Dividends.

Expenses.

Assets.

Retained earnings.

Net Income.

Related Book For answer-question

College Accounting A Contemporary Approach

ISBN: 978-0077639730

3rd edition

Authors: David Haddock, John Price, Michael Farina

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Posted Date: Dec 09, 2022 07:00 PM

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8. Identify the account below that is classified asa liability account: Cash Accounts Payable Salaries Expense Common

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College Accounting A Contemporary Approach

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