Office Supplies had a normal starting balance of $75. There were debit postings of $90 and credit postings of $70 during the month. The ending balance is
A) $55 debit.
B) $55 credit.
C) $95 debit.
D) $95 credit.

Question

Quizplus · Accepted Answer

The normal starting balance is a debit of $75. Adding the debit postings of $90 gives a total of $165 debit. Subtracting the credit postings of $70 results in a final debit balance of $95.

Office Supplies Had a Normal Starting Balance of $75