1. James purchased a new computer for the company on account. The transaction will:
A. increase Computer; increase Capital.
B. decrease Cash; increase Accounts Payable.
C. decrease Cash; increase Computer.
D. increase Computer; increase Accounts Payable.
2. The Accounts Receivable account has total debit postings of $2,900 and credit postings of $300. The balance of the account is:
A. $800 debit.
B. $800 credit.
C. $2,600 credit.
D. $2,600 debit.