lararshah
Apr 15, 2013, 02:54 PM
13. On June 1,2005 P Music has accounts payable of 45K. During the month, debits of 3K and credits of 11K were made to the account. At the end of June 2005, what was the accounts payable balance
-debit balance of 53K
-debit balance of 42K
-credit balance of 53K
- credit balance of 56 K
I think the answer should be a credit balance of 53k. Is this correct? (+45, -3k, +11)
-debit balance of 53K
-debit balance of 42K
-credit balance of 53K
- credit balance of 56 K
I think the answer should be a credit balance of 53k. Is this correct? (+45, -3k, +11)