The Account "Notes Payable" Began with a Zero Balance and Then

question 42

Multiple Choice

The account "Notes Payable" began with a zero balance and then had the following changes: increase of $700, increase of $300, decrease of $600, and an increase of $280. The final balance is a:

• A)credit balance of $600.
• B)debit balance of $1,280.
• C)credit balance of $680.
• D)debit balance of $680.

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Definitions:

Major Life Changes

Changes in your life, such as divorce, that increase daily hassles, leaving you stressed and worn out.

Internal Sources

Refers to the means within an organization or entity from which information, financing, or support can be drawn.

Eustress

Positive stress, the kind felt when doing something one enjoys, such as playing tennis or attending a party.

Divorce

The legal dissolution of a marriage by a court or other competent body, ending the legal partnership between two spouses.