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If Accounts Payable Has Debit Postings of $17,000, Credit Postings

Question 96

Multiple Choice

If Accounts Payable has debit postings of $17,000, credit postings of $14,000, and a normal ending balance of $6,000, what was its beginning balance?


A) $9,000 Cr.
B) $3,000 Cr.
C) $9,000 Dr.
D) $3,000 Dr.

Correct Answer:

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