The Account "Salaries Expense" Began with a Zero Balance and Then

question 133

Multiple Choice

The account "Salaries Expense" began with a zero balance and then had the following changes: increase of $550, decrease of $275, increase of $600, and an increase of $375. The final balance is a:

• A)credit balance of $1,250.
• B)debit balance of $1,250.
• C)credit balance of $1,800.
• D)debit balance of $1,800.

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Definitions:

Interest

Interest is the charge for borrowing money or the payment earned on deposited funds.

Withdrawal

The act of removing funds from an account, plan, or investment.

Interest

The charge for borrowing money or the return on invested capital, typically expressed as a percentage.