A creditor's account in the accounts payable ledger has a $1,600 beginning balance.After a transaction for $700 is posted from the purchases journal,the balance of the creditor's account is
A) $2,300 debit.
B) $900 credit.
C) $2,300 credit.
D) $900 debit.

Question

Quizplus · Accepted Answer

The beginning balance is $1,600 credit. After posting a $700 purchase, the balance increases to $2,300 credit.

A Creditor's Account in the Accounts Payable Ledger Has a $1,600