[kekebrown]

A credit balance in which of the following would indicate a likely error?

a. fees earned
b. salary expense
c. capital stock
d. accounts payable

:confused:

[lwelch]

Balance Sheet Income statement
Asset Debit Income Credit
Liability Credit Expense Debit
Se Equity Credit
You can probably figure it out from here

[kekebrown]

Would it be accounts payable

[lwelch]

a. Fees earned - reveune - credit
b. salary expense - expense - debit
c. capital stock - se equity - credit
d. accounts payable - liabilty - credit

I included an attachment with shortcut you can use for reference. I memorized it and it helped me throughout college.

[AdamUTsel]

It's the expense.

The have a credit balance in your expense account would assume the employees paid you for their work.