The Salaries Payable account has total debit postings of $1,100 and credit postings of $1,500. The ending balance of the account is:
A) $2,600 debit.
B) $400 credit.
C) $2,600 credit.
D) $400 debit.

Question

Quizplus · Accepted Answer

Since Salaries Payable is a liability account, it increases on the credit side and decreases on the debit side. The difference between the total credits ($1,500) and debits ($1,100) is $400, which means the account has a credit balance of $400.

The Salaries Payable Account Has Total Debit Postings of $1,100