In reviewing the T-account for Accounts Payable,you find that the beginning balance is zero,the total increases are $7,400 and the total decreases are $4,900.This means that the ending balance of the account is a credit balance of $2,500.

Question

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The total increase of $7,400 minus the total decrease of $4,900 equals $2,500, which is the ending balance of the account. Since the ending balance is a credit balance, the answer is A.

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