If Accounts Payable has debit postings of $17,000, credit postings of $14,000, and a normal ending balance of $6,000, what was its beginning balance?

Question

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The beginning balance can be calculated by considering the normal credit balance of Accounts Payable. Starting with an unknown beginning balance (B), add debit postings ($17,000) and subtract credit postings ($14,000) to reach the ending balance ($6,000 Cr.). The equation is B - $14,000 + $17,000 = $6,000, solving for B gives $9,000 Cr.

If Accounts Payable Has Debit Postings of $17,000, Credit Postings