If an account has a credit balance of $700 in the Trial Balance section of a worksheet and there is a credit entry of $200 in the Adjustments section,the account balance in the Adjusted Trial Balance section of the worksheet is
A) $900 debit.
B) $500 debit.
C) $500 credit.
D) $900 credit.

Question

Quizplus · Accepted Answer

The account has an initial credit balance of $700, and an additional credit entry of $200 is made in the Adjustments section. Therefore, the total credit balance in the Adjusted Trial Balance section is $700 + $200 = $900 credit.

If an Account Has a Credit Balance of $700 in the Trial