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,debits totaling $45,000 and credits totaling $55,000 were posted to the Inventory account.Which of the following statements about the Inventory account is correct?

A) The normal balance of the Inventory account is a credit balance.
B) After these amounts are posted, the balance in the Inventory account is a credit balance of $58,000.
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.