Question

The Accounts Payable account of​ Waterford, Inc. has the following​ postings: Accounts Payable Calculate the ending balance of the account.

14000 8000
5000 12000

Answer 1

14000 credit

Explanation:

debit means minus

credit means plus

- 17000 (debit)

- 8000 (debit)

+ 27000 (credit)

+ 12000 (credit)

------------------------

14000 credit