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Calculate the ending balance of each of the three accounts

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Question - At the end of February 2019 and before the purchases journal was posted, selected general ledger account balances for Volter Rep Services were as follows (each account had a normal balance)

Accounts Payable $10, 800

Purchases 26, 800

Freight In 380

The purchases journal had the following totals: Purchases, $28,800; Freight In, $1,800; Accounts Payable, $30,600.

Calculate the ending balance of each of the three accounts after the posting from the purchases journal. Indicate whether each balance is a debit or credit.

Reference no: EM132543436

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