Accounts Payable had a normal starting balance of $500.There were debit postings of $200 and credit postings of $100 during the month.The ending balance is:
A)$400 credit.
B)$800 debit.
C)$400 debit.
D)$800 credit.

Question

Quizplus · Accepted Answer

Accounts Payable is a liability account with a normal credit balance. Starting with a $500 credit balance, adding $100 in credits and subtracting $200 in debits results in a $400 credit balance.

Accounts Payable Had a Normal Starting Balance of $500