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Accounts Payable had a normal starting balance of $800. There were debit postings of $600 and credit postings of $300 during the month. The ending balance is a

A$500 credit.


B$1,000 debit.


C$500 debit.


D$1,000 credit

Verified Answer :

The normal balance of an accounts payable is credit.
So you start with $800-cr
Any debit posting will reduce that normal balance and any credit posting will increase the normal balance.


The $600 debit posting will create a $200 credit balance(800-600)


The $300 credit posting will create a $500 credit balance(300+200)

Answer: A. $500 - Credit.

It may help to figure it out if you create a t-chart and enter the amounts.

countingstarz0304

Answer:

The correct answer is most definitely A. $ 500 credit

Step-by-step explanation:

I am 100% Positive

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