In the accounts payable ledger, a suppliers account has a beginning balance of $5,800. Subsequently, a purchase
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In the accounts payable ledger, a supplier’s account has a beginning balance of $5,800. Subsequently, a purchase of $1,600 from this supplier is journalized and then posted. What is the balance of the supplier’s account?
a. $4,200 debit
b. $4,200 credit
c. $7,400 debit
d. $7,400 credit
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Related Book For 
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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