The Beginning Balance in the Computers Account Was $2,500

question 159

Multiple Choice

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.
• B) credit of $3,000.
• C) debit of $3,000.
• D) credit of $2,000.

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Definitions:

Lawn Mowing

Lawn mowing refers to the act of cutting or trimming the grass in a lawn to maintain its appearance and health, often performed as a routine landscaping activity.

External Costs

Costs of a transaction that affect people other than the buyer or seller and are not reflected in the prices.

Full Costs

Full costs encompass all expenses associated with producing a product or offering a service, including both direct and indirect costs.

Market Economy

An economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses.