A Creditor's Account in the Accounts Payable Ledger Has a Balance

question 103

Multiple Choice

A creditor's account in the accounts payable ledger has a balance of $10,560 as of April 1. After a transaction of $12,800 is posted from the purchases journal and a transaction of $9,200 is posted from the cash payments journal, the balance of the creditor's account on April 30 is:

• A)$14,160 credit
• B)$9,200 debit
• C)$12,800 debit
• D)$6,960 credit

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Definitions:

Siltstone

A sedimentary rock composed mainly of silt-sized particles, formed by compaction and cementation of silt.

Shale

A fine-grained sedimentary rock formed from clay-sized particles that are compacted and often used as source rock for oil and gas.

Carbonate Rocks

Sedimentary rocks primarily composed of carbonate minerals, such as limestone and dolomite, often formed in marine environments.

Lagoon Mudstone

A type of sedimentary rock formed from the compaction of mud accumulated in a lagoon environment, characterized by fine grains and layers.