At the End of February 2019 and Before the Purchases $\begin{array}{l|l}\text { Accounts Payable } &{\$ 10,000} \\\hline \text { Purchases } & 26,000 \\\hline \text { Freight In } & 300\end{array}$

question 30

Short Answer

At the end of February 2019 and before the purchases journal was posted, selected general ledger account balances for Volter Repair Services were as follows (each account had a normal balance):
$\begin{array}{l|l}\text { Accounts Payable } &{\$ 10,000} \\\hline \text { Purchases } & 26,000 \\\hline \text { Freight In } & 300\end{array}$
The purchases journal had the following totals: Purchases, $31,200; Freight In, $2,850; Accounts Payable, $34,050.
Calculate the ending balance of each of the three accounts after the posting from the purchases journal. Indicate whether each balance is a debit or credit.

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