A Company Started the Year with a Normal Balance of $68,000

Multiple Choice

A company started the year with a normal balance of $68,000 in the Inventory account.During the year the following amounts were posted to the account: Debits of $45,000 and credits of $55,000.Choose the TRUE statement.

A) After these amounts are posted,the balance in the Inventory account is a credit balance of $58,000.
B) The normal balance of the Inventory account is a credit balance.
C) The inventory account is decreased by debits.
D) The debits and credits posted to the Inventory account caused it to decrease by $10,000.