menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting Study Set 2
  4. Exam
    Exam 2: Debits and Credits: Analyzing and Recording Business Transactions
  5. Question
    The Accounts Payable Account Has Total Credit Postings of $2,500
Solved

The Accounts Payable Account Has Total Credit Postings of $2,500

Question 100

Question 100

Multiple Choice

The Accounts Payable account has total credit postings of $2,500 and debit postings of $1,500. The balance of the account is:


A) $1,000 debit.
B) $1,000 credit.
C) $4,000 credit.
D) $4,000 debit.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q95: A compound entry is when more than

Q96: Which type of account would NOT be

Q97: What would be the effect on the

Q98: Withdrawals increase on the credit side of

Q99: For each of the following, identify in

Q101: The business provided services for cash. To

Q102: The rules of debit and credit require

Q103: What would be the effect on the

Q104: Which of the following groups of accounts

Q105: A credit may signify a(n):<br>A) increase in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines