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

question 87

Multiple Choice

The account "Notes Payable" began with a zero balance and then had the following changes: increase of $500,increase of $200,decrease of $550,and an increase of $250.The final balance is a:

• A)credit balance of $550.
• B)debit balance of $950.
• C)credit balance of $400.
• D)debit balance of $400.

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