Accounts Payable Had a Normal Starting Balance of $800

question 37

Multiple Choice

Accounts Payable had a normal starting balance of $800.There were debit postings of $600 and credit postings of $300 during the month.The ending balance is:

• A)$500 credit.
• B)$1,000 debit.
• C)$500 debit.
• D)$1,000 credit.

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Definitions:

Steering Knuckle

A pivotal component in a vehicle's steering system that connects the wheel and tire to the suspension system, allowing for steering movement.

Floating Calipers

A disc brake caliper that “floats,” or moves back and forth, on bolts in its mounting hardware when the brakes are applied.

Fixed Calipers

Brake calipers that are mounted in a stationary position with pistons arranged on opposing sides of the rotor, applying brake pressure evenly.

Drum Brake Micrometer

A tool used to measure brake drum diameter and to check for out-of-round.