Final answer:
Common Stock is the correct answer, as it is the only account listed that has a normal credit balance. All the other accounts mentioned (Cash, Wages Expense, Accounts Receivable) have normal debit balances.
Step-by-step explanation:
All of the following accounts have normal debit balances EXCEPT c) Common Stock. In accounting, the balance of an account refers to the side where increases in the account are recorded. Assets and expenses typically have debit balances, meaning they increase with a debit entry.
Conversely, liabilities, equity, and revenue accounts have normal credit balances, increasing with a credit entry. Below is an explanation and classification of each listed item:
- Cash is an asset account and increases with debits.
- Wages Expense is an expense account and also increases with debits.
- Common Stock is an equity account and has a normal credit balance.
- Accounts Receivable is an asset account, which means it also increases with debits.
Thus, Common Stock is the only account listed that does not have a normal debit balance.