A creditor's account in the accounts payable ledger has a $2,900 beginning balance. After a transaction for $850 is posted from the purchases journal, the balance of the creditor's account is:

Journal Entries and LedgersDuring the current financial period, the following transactions took place for Corona Ltd:1. Received cash amounting to $31,500 from customers. 2. Additional cash contribution from shareholders amounting to $265,000.            3. Purchased inventory amounting to $26,800 in cash.    4. Sold goods on credit totalling $78,500. The original cost of the goods sold is $44,500.5. Repaid loan $82,400 to the bank.The following opening balances existed before the above transactions took place:Account nameOpening balanceCash$448,000Inventory$201,000Accounts receivable $81,000Loan payable$340,000Share capital$390,000Required:(a) Record the effect of the above transactions in the journal entries below.

In the first month of operations, the total of the debit entries to the cash account amounted to $900 and the total of the credit entries to the cash account amounted to $500. The cash account has a: Group of answer choices $500 credit balance. $900 debit balance. $400 debit balance. $400 credit balance.

Outline the structure of the two main accounts of the balance of payments.

A credit to accounts receivable of 250 was credited to accounts payable. it is balance? if imbalance what is difference and what is the column with larger total?

You were presented with the following list of balances by the bookkeeper of SA Attorneys at 30 June 2021. The balances already include all transactions and fees levied after all obligations to the clients were met in full. Client/Trust creditorTrust creditors’ ledgerClients’ ledgerB GautengR17 800 (credit)R22 100 (debit)C KwazuluR13 200 (credit)RnilD WesternR1 900 (debit)R6 000 (debit)A North            Rnil  R5 450 (debit) What is the total balance of the clients’ ledger account after all transfers have been made on 30 June 2021?Select one:a.R17 650b.R33 550c.R11 650d.R15 750