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

question 81

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

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Definitions:

Outputs

The final products, services, or results generated by a system, process, or project.

Foundry

A workshop or factory for casting metal, where molten metal is poured into molds to create various shapes.

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Heavy removable plates placed over the openings of manholes to prevent accidental falls into them and to block unauthorized access to the municipal services below.

Productivity

A measure of efficiency that calculates the amount of output produced per unit of input.