4. In the accounts payable ledger, a suppliers account has a beginning balance of $5,800. Subsequently, a
Question:
4. In the accounts payable ledger, a supplier’s account has a beginning balance of $5,800. Subsequently, a purchase of $1,600 from this supplier is journalized and then posted. What is the balance of the supplier’s account?
a. $4,200 debit
b. $4,200 credit
c. $7,400 debit
d. $7,400 credit
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
College Accounting A Contemporary Approach
ISBN: 9781259995156
4th Edition
Authors: M. David Haddock
Question Posted: