(Solution) 17. After Posting The Journal Entries To The Ledger, What Is The Balance Of The AccountsPayableCraft Bank Account? | Snapessays.com


(Solution) 17. After posting the journal entries to the ledger, what is the balance of the AccountsPayableCraft Bank account?


17. After posting the journal entries to the ledger, what is the balance of the AccountsPayable—Craft Bank account?  A. 0                               C. Debit $3,500B. Credit $3,500          D. Credit 018. After posting the journal entries to the ledger, the opening balance of the P. Woodsley—Capital account wasA. increased.           C. unchanged.B. decreased.          D. deleted.19. What entry do you make in the Post Ref. column of the ledger to show that you posted thetransactions from the journal?A. 1            C. Leave it blankB. J1           D. 1120. Asset accounts are increased byA. entries to the debit side of the account.B. crediting a liability account.C. entries to the right side of the account.D. adding a credit entry to the account’s normal balance.

 


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This question was answered on: May 23, 2022

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