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:

High-involvement Management

An organizational strategy that focuses on empowering employees by involving them in decision-making processes and providing them opportunities to improve skills and job satisfaction.

Incentive Compensation

A form of pay provided to employees based on performance, often used to motivate and reward employees beyond their standard salary.

Positive Organizational Behavior

A focus on the strengths and virtues that enable individuals and organizations to thrive, emphasizing positive outcomes, improvement, and resilience.

Organizational Culture

The shared values, beliefs, and practices that characterize an organization and influence its members' behaviors and attitudes.