The Accounts Payable account of Waterford Company has the following postings: Calculate the ending balance of the account.
A)$14,000 credit
B)$18,000 debit
C)$18,000 credit
D)$7,000 debit

Question

The Accounts Payable account of Waterford Company has the following postings:  Calculate the ending balance of the account.
A)$14,000 credit 
B)$18,000 debit 
C)$18,000 credit 
D)$7,000 debit

Quizplus · Accepted Answer

By looking at the postings, we notice that all of them are credits, which means that the account is increasing. Therefore, we need to add all the amounts to find the ending balance.
$5,000 + $6,000 + $3,000 + $4,000 = $18,000
The ending balance is a credit of $18,000.

The Accounts Payable Account of Waterford Company Has the Following