Accounts Payable had a normal beginning balance of $1,200. During the period, there were debit postings of $300 and credit postings of $800. What was the ending balance? OA. $1,700 debit OB. $700 credit OC. $700 debit O D. $1,700 credit

Accounts Payable had a normal beginning balance of $1,200. During the period, there were debit postings of $300 and credit postings of $800. What was the ending balance? OA. $1,700 debit OB. $700 credit OC. $700 debit O D. $1,700 credit

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5EB: Catherines Cookies has a beginning balance in the Accounts Receivable control total account of...

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

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Accounts Payable had a normal beginning balance of $1,200. During the period, there were debit postings of $300 and credit postings of $800. What was the ending balance?
OA. $1,700 debit
OB. $700 credit
OC. $700 debit
OD. $1,700 credit

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