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What would be the final balance in t account

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Reference no: EM132998034

Problem 1: Total debits in Machinery account is $100,000. Total credit balance in machinery account is $85,000. What would be the final balance in T account?

A. $15,000 Debit
B. $15,000 Credit
C. $185,000 Debit
D. $185,000 Credit

Problem 2: The sum of debits recorded must be ___________ the sum of the credits for each economic event captured in the accounting records.

A. more than
B. equal
C. less than
D. 90%

Reference no: EM132998034

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