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A Creditor's Account in the Accounts Payable Ledger Has a Balance

Question 103

Multiple Choice

A creditor's account in the accounts payable ledger has a balance of $10,560 as of April 1. After a transaction of $12,800 is posted from the purchases journal and a transaction of $9,200 is posted from the cash payments journal, the balance of the creditor's account on April 30 is:


A) $14,160 credit
B) $9,200 debit
C) $12,800 debit
D) $6,960 credit

Correct Answer:

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