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.
Parallel are two equations that have the same slope but different y intercepts.
If the y intercepts are also the same, it is just the same line.
Answer:CA, BC, BA
Step-by-step explanation:
