Balance of the creditor account, Accounting Basics

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Balance of the creditor account

A creditor's account in the accounts payable ledger has a $1,600 beginning balance. After a transaction for $700 is posted from the purchases journal, the balance of the creditor's account is

a. $2,300 debit.

b. $900 credit.

c. $2,300 credit.

d. $900 debit.

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Accounting Basics: Balance of the creditor account

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Accounting Basics: Balance of the creditor account

Reference No:- TGS056685

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Balance of the creditor account

Reference No:- TGS056685

Recent Questions Asked Accounting Basics

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