In reviewing the T-account for Accounts Payable,you find that the beginning balance is zero,the total increases are $7,200 and the total decreases are $4,000.This means that the ending balance of the account is a credit balance of $3,200.

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The beginning balance is zero, and there have been total increases of $7,200 and total decreases of $4,000. This means that there is a net increase of $3,200 ([$7,200 - $4,000] = $3,200) in the account. Since Accounts Payable is a liability account, a net increase in the account would result in a credit balance. Therefore, the ending balance of Accounts Payable is a credit balance of $3,200.

In Reviewing the T-Account for Accounts Payable,you Find That the Beginning