Multiple Choice
A creditor's account in the accounts payable ledger has a $1,600 beginning balance.After a transaction for $700 is posted from the purchases journal,the balance of the creditor's account is
A) $2,300 debit.
B) $900 credit.
C) $2,300 credit.
D) $900 debit.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: In a firm that uses special journals,the
Q9: The amount of the purchases for a
Q10: Hugh Snow returned merchandise to Farley Co.The
Q11: The journal entry to record the purchase
Q13: A firm had purchases of $16,200,freight charges
Q14: For each of the transactions listed below,identify
Q15: Read the description of the following transactions
Q16: In a firm that uses special journals,the
Q17: Which of the following accounts has a
Q29: No amounts are posted from the purchases