The Accounts Payable account of Waterford Company has the following postings: Calculate the ending balance of the account.

Question

The Accounts Payable account of Waterford Company has the following postings:  Calculate the ending balance of the account.

Quizplus · Accepted Answer

Without knowing the individual amounts of the postings, we can determine the ending balance by looking at the format of the posting. The posting starts with 11ea8873_d440_1f5b_bb89_f18cf96d56f0, which is likely a unique identifier for the transaction or entry. The next part, TB5026, appears to be a reference to the general ledger account or the journal where the posting came from. The last part, 00, is likely the debit/credit flag. In this case, the flag is 00, which indicates a credit posting. Since all of the postings are credits, we can sum them up to get the ending balance, which is $18,000 credit. Therefore, the correct answer is C.

The Accounts Payable Account of Waterford Company Has the Following