The Accounts Payable Account Has a $3,000 Credit Balance

question 83

Multiple Choice

The Accounts Payable account has a $3,000 credit balance.An entry for the payment of $1,000 on the amount owed is recorded and posted.The new balance of the Accounts Payable account is

• A) a $2,000 credit balance.
• B) a $4,000 credit balance.
• C) a $2,000 debit balance.
• D) a $4,000 debit balance.

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Definitions:

Detrimental

Inflicting injury or destruction.

Followers

Individuals who support, admire, or look up to a leader or person of influence, often helping to carry out their vision or ideas.

Managerial Job Title

A designation that identifies an individual as holding a managerial position, responsible for supervising and directing the work of others.

Leader

An individual who guides or directs a group towards achieving specific goals or objectives.