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The Account "Notes Payable" Began with a Zero Balance and Then

Question 87

Multiple Choice

The account "Notes Payable" began with a zero balance and then had the following changes: increase of $500,increase of $200,decrease of $550,and an increase of $250.The final balance is a:


A) credit balance of $550.
B) debit balance of $950.
C) credit balance of $400.
D) debit balance of $400.

Correct Answer:

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