Accounts Payable had a normal starting balance of $900 credit. There were debit postings of $100 and credit postings of $450 during the month. The ending balance is:A) $1250 credit.B) $1450 debit.C) $1250 debit.D) $1450 credit.2) The beginning balance in the Equipment account was $4000 debit. The company purchased additional Equipment with a cost of $1000. The ending balance in the account is:A) debit of $3000.B) credit of $4000.C) debit of $5000.D) credit of $3000.3) An accounting tool used to record increases and decreases in individual Assets, Liabilities, Capital, Revenue, Expenses, and Owner's Withdrawals is a(n):A) chart of accounts.B) account.C) trial balance.D) footing.4) A formal account that has columns for date, explanation, posting reference, debit, and credit is called the:A) T account.B) standard account form.C) ledger. D) chart of accounts.5) A ledger:A) includes all company accounts and their related balances. B) can replace the financial statements.C) is the same as a chart of accounts.D) is known as a worksheet.6) The right side of any account is the:A) debit side.B) credit side.C) ending balance.D) beginning balance.7) The left side of any account is the:A) debit side.B) credit side.C) ending balance.D) beginning balance.