The beginning balance in the Computers account was $3,000.The company purchased an additional $1000 worth of computers.The ending balance in the account is:
A)debit of $2,000.
B)credit of $3,000.
C)debit of $4,000.
D)credit of $2,000.

Question

Quizplus · Accepted Answer

The beginning balance of $3,000 plus the additional purchase of $1,000 equals a total of $4,000. However, since this is a debit account (an account that increases with debits and decreases with credits), the ending balance would be a debit of $4,000. Therefore, the answer is choice letter C.

The Beginning Balance in the Computers Account Was $3,000