When truckers are on long-haul drives, their driving logs must reflect their average speed. Average speed is the total distance
driven divided by the total time spent driving. A trucker drove 3 hours on a freeway at 60 miles per hour and then drove 20 miles in the city. The trucker’s average speed was 57.14 miles per hour. a. Write an equation that models the situation.
b. How long was the trucker driving in the city to the nearest hundredth of an hour?
The normal balance of an accounts payable is credit. So you start with $800-cr Any debit posting will reduce that normal balance and any credit posting will increase the normal balance.
The $600 debit posting will create a $200 credit balance(800-600)
The $300 credit posting will create a $500 credit balance(300+200)
Answer: A. $500 - Credit.
It may help to figure it out if you create a t-chart and enter the amounts.