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what os ending balance? 6] An account had a $500 credit starting balance. There were debit postings of $400 and credit postings of $150 during

what os ending balance?

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6] An account had a $500 credit starting balance. There were debit postings of $400 and credit postings of $150 during the month, The ending balance is A) $250 credit. B) $750 debit C) $1050 credit. D) $150 credit 7) The beginning balance in the Computers account was $2,500. The company purchased an additional $500 worth of computers. The balance in the account is A) debit of $2,000. Bj credit of $3,000 C) debit of $3,000. D) credit of $2,000. 8) Cash increases on the debit side of the account. Answer: TRUE OR FALSE 9) Revenues are recorded when earned. Answer: TRUE OR FALSE 10) A chart of accounts is a listing of the accounts and their ending balances. Answer: TRUE OR FALSE 11) Revenue increases on the debit side of the account. Answer: TRUE OR FALSE 12) Accounts Payable increases on the credit side of the account. Answer: TRUE OR FALSE 13) Withdrawals increases on the debit side of the account. Answer: TRUE OR FALSE Selected accounts from the ledger of Thomas Company appear below. For each account, indicate the following a. In the first column at right, indicate the type of each account using the following abbreviations: Asset - A Revenue - R None of the above - N Liability - L Expense - E b. In the second column, indicate the normal balance of the account by inserting a Dr. of Cr

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