what is ending balance

Account 14, Office Supplies Type of Account Ascis Normal Balance 15. Accounts Receivable Debut 16. Fees Earred Astarts Debit 17. Thomas, Withdrawals Revenue Credit 18. Accounts Payable Owners Equity Debit 19. Salaries Expense Liabilities Credit 20, Thomas, Capital Debit 21. Accounts Receivable Owner Equity Credit 22. Equipment Assets Assets Debit 23. Telephone Expense 24) Explain the difference between expires and withdrawals. Expenses- monetary instrument used to purchase goods or services. Withdrawals- Take a money from one account (money out) 25) Why is Revenue increased on the Credit side? (Explain as it pertains to the expanded accounting equation and its relationship to Owner's Equity.] 26) A chart of accounts A) is set up in alphabetical order. ) includes account balances. C) is a listing of all the accounts used by a company. D) All of the above are correct. 27) A compound entry is A) a transaction involving more than one debit andfor credit. B) used to prepare the trial balance. C) the same as the chart of accounts. Dj found on the income statement. 28) Accounts Payable had a normal starting balance of $750. There were debit postings of 5600 and credit postings of $350 during the month. The ending balance is