A Creditor's Account in the Accounts Payable Ledger Has a Balance

question 81

Multiple Choice

A creditor's account in the accounts payable ledger has a balance of $10,560 as of April 1.After a transaction of $12,800 is posted from the purchases journal and a transaction of $9,200 is posted from the cash payments journal,the balance of the creditor's account on April 30 is:

• A) $9,200 debit
• B) $6,960 credit
• C) $14,160 credit
• D) $12,800 debit

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Definitions:

Material Handling Costs

Expenses associated with the moving, storing, and controlling materials and products.

Process-oriented

Focuses on the methods, steps, or procedures involved in accomplishing a task, emphasizing efficiency and effectiveness in operations.

Functional Groupings

The organization of elements or components based on their purpose, role, or function within a system or structure.

Fixed-position Layout

A manufacturing layout where the product remains stationary, and workers, materials, and equipment are moved to the product site.