An account had a $500 credit starting balance. There were debit postings of $400 and credit postings of $150 during the month. The ending balance is
A) $250 credit.
B) $750 debit.
C) $1050 credit.
D) $150 credit.

Question

Quizplus · Accepted Answer

The account started with a $500 credit balance. After debiting $400, the credit balance decreased to $100. Then, crediting it by $150 increased the credit balance to $250.

An Account Had a $500 Credit Starting Balance