The beginning balance in the Computers account was $2,000.The company purchased an additional $1000 worth of computers.The balance in the account is:
A)debit of $2,000.
B)credit of $3,000.
C)debit of $3,000.
D)credit of $2,000.

Question

Quizplus · Accepted Answer

The additional purchase of $1000 is a debit to the Computers account. Therefore, the total debits in the account are $2,000 (beginning balance) + $1,000 (purchase) = $3,000.

The Beginning Balance in the Computers Account Was $2,000