An asset would be debited and a liability credited if

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Part 1 of 2 accounting

Question 4   of 20 5.0 / 5.0 Points Accounts Payable had a normal starting balance of $ 800 . There were debit postings of $ 600 and credit postings of $ 300 during the month . The ending balance is __________.
A. $ 500 credit
B. $ 1,000 debit
C. $ 500 debit
D. $ 1,000 credit
Answer:  A.   $ 500 credit
Question 6   of 20 5.0 / 5.0 Points A debit balance is a normal balance for which type of account ?
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Question 7   of 20 5.0 / 5.0 Points The left side of any account is the __ _ _ ______.
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Question 9   of 20 5.0 / 5.0 Points The right side of any account is the __ _ _ ______.
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Question 10   of 20 0.0 / 5.0 Points The ledger is __________.
A. a group of accounts that records data from business transactions
B. a tool used to make sure that all accounts have normal balances
C. a chronological record of the day 's transactions
D. a tool used to ensure that debits equal credits
Question 11   of 20 5.0 / 5.0 Points Which of the following types of accounts has a normal credit balance ?
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Question 12   of 20 5.0 / 5.0 Points The accounts payable account is __________.
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Question 5 of 205.0/ 5.0 PointsAn asset would be debited and a liability credited if __________.A. the business bought supplies for cashB. the business incurred an expense and paid itC. the business incurred an expense and did not pay for the expense immediatelyD. the business bought equipment on account
Question 6 of 205.0/ 5.0 PointsA debit balance is a normal balance for which type of account?
Question 7 of 205.0/ 5.0 PointsThe left side of any account is the __________.
Question 8 of 205.0/ 5.0 PointsA debit increases the balance in all of the following accounts, except __________.
Question 9 of 205.0/ 5.0 PointsThe right side of any account is the __________.A. debit side
B. credit sideC. ending balanceD. footings
Question 10 of 200.0/ 5.0 PointsThe ledger is __________.

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