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Hello, the question is: what is the balance of the accounts payable-Bellhaven Bank account?? A)credit $1,000. B)credit $4,000. C)Debit $4,000. D)Debit $1,000. Please give me

Hello, the question is: what is the balance of the accounts payable-Bellhaven Bank account?? A)credit $1,000. B)credit $4,000. C)Debit $4,000. D)Debit $1,000. Please give me correct answer and explanation step by step. Thank you

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(A) 5/1-Purchased a new calculator for the office for $690 on account from J. C. Hollings, Inc., memo 3 (B) 5/2-Purchased $3,500 of equipment for the store on account from Craft Bank, memo 4. (C) 5/4-Paid cash, $42.92, for supplies, check 4. (D) 5/5-Paid cash, $1,000, to Bellhaven Bank for amount owed on account, (check 5) Next, open all ledger accounts using the form in Exam Figure 3. Then, post the journal entries from Exam Figure 2 to the ledger accounts and balance each ledger account. Be sure to-post the balance of each account (the information is shown below) before you post the transactions you just journalized Accounts Payable-Bellhaven Bank-$5,000 P. Woodsley, Capital-$5.256.82 Cash-$4,056.82 Prepaid Insurance-$500 Accounts Payable-Taylor Investments-$3.700 Equipment-Store-$4,500 Equipment Office-$4.400 Supplies $500 What is the balance of the Accounts Payable Bellhaven Bank account

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