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25 June, 11:13

Accounts payable has a normal beginning balance of $1,000. During the period, there were debit postings of $600 and credit postings of $500. What was the ending balance? a. 900 debitb. 1,100 creditc. 900 creditd. 11,100 debit

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  1. 25 June, 14:37
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    c. 900 credit

    Explanation:

    Account payable is a liability account and as such, the normal balance is in credit.

    Opening balance = $1,000

    Debit postings represents settlement of account payable.

    Debit posting = $600

    Credit postings are additions to the liability

    Credit postings = $500

    Ending balance = - $1,000 + $600 - $500

    = - $900

    Ending balance is a credit of $900. c. 900 credit
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