1. If Office supply has debit posting of $20,000, credit posting of $12,000, and a normal...

1. If Office supply has debit posting of $20,000, credit posting of $12,000, and a normal ending balance of $14,000, what was its beginning balance in $ and which sides(Dr or Cr).

2. If Account Payable has Debit posting of $17,000, credit posting of $14,000, and a normal ending balance of $6,000, what was its beginning balance in $ and which side(Dr or Cr).

Expert Solution

1]	In the case of Office Supply:
	Beginning balance+Debit posting = Credit posting+Ending balance
	Therefore, Beginning balance = Credit posting+Ending balance-Debit posting = 12000+14000-20000 =	$ 6,000	Debit
2]	In the case of Account Payable:
	Beginning balance+Credit posting = Debit posting+Ending balance
	Therefore, Beginning balance = Debit posting+Ending balance-Credit posting = 17000+6000-14000 =	$ 9,000	Credit

ekkarill92 answered 2 years ago

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