The account "Salaries Expense" began with a zero balance and then had the following changes: increase of $450, decrease of $175, increase of $600, and increase of $350. What's the final balance of the "Salaries Expense" account, and is it a debit or credit

Question

Business

Saul Mckenzie

9 August, 14:31

The account "Salaries Expense" began with a zero balance and then had the following changes: increase of $450, decrease of $175, increase of $600, and increase of $350. What's the final balance of the "Salaries Expense" account, and is it a debit or credit

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Answers (1)

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Lilia · Answer 1

The correct answer to the given question is $1225 debit balance in the salaries account.

Explanation:

The calculation of the given question is very simple, we just have to add all the increases in salaries expenses and from this we will subtract all the decrease in the salaries expenses.

So therefore the final amount of balance in salaries account would be -

= $450 + $350 + $600 - $175

= $1225

Here the balance would come on the debit side of the salaries accounts because when we make salaries account, if there is an increase in the expenses we put that amount on the left side (debit side) of the account and if there is a decrease in expenses then the amount would be written on the right side (credit side) of the account.