Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A liability account with a normal credit balance describes the Select answer from the options below Owner's Equity account. Prepaid Rent account. Drawings account. Unearned

A liability account with a normal credit balance describes the Select answer from the options below Owner's Equity account. Prepaid Rent account. Drawings account. Unearned Revenue account.

Step by Step Solution

3.52 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

The answer is Unearned Revenue account Heres why Liability accounts These accounts represent financi... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Accounting

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

12th edition

978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985

More Books

Students also viewed these Accounting questions