The Salaries Payable Account Has Total Debit Postings of $800

question 4

Multiple Choice

The Salaries Payable account has total debit postings of $800 and credit postings of $1,500.The ending balance of the account is:

• A)$2,300 debit.
• B)$700 credit.
• C)$2,300 credit.
• D)$700 debit.

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Definitions:

Internal Reports

Documents created within an organization to communicate information, updates, or findings among its members.

External Reports

Documents that communicate a company's or organization's status or performance to outside entities, such as regulatory bodies, investors, or the public.

Valid Data

Accurate and reliable information that is relevant and appropriate for the context in which it is used.

Reliable Data

Information that is accurate, consistent, and dependable for making decisions or conducting analyses.