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Refer to the Exhibit.
Which of the following would be the opening balance on the bank ledger account?
Suggested Answer: A
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20 comments · newest first
YO
Yoko
1 month ago
I think B) is the best choice. It matches the total shown.
JA
Janna
1 month ago
I’m not sure, but D) $642 Credit seems too high.
RO
Rosio
2 months ago
I agree with Giovanna. A) makes sense based on the numbers.
FR
Francoise
2 months ago
I feel confused. Why not C) $479 Credit?
AL
Alise
2 months ago
I’m leaning towards B) $642 Debit. More consistent with the exhibit.
GI
Giovanna
2 months ago
I think it’s A) $479 Debit. Looks right to me.
TA
Tamar
2 months ago
I agree, A is the right choice!
MA
Matilda
2 months ago
Wait, why is it a debit? That seems odd.
MA
Marylyn
3 months ago
Not so sure about that, could be B too.
CA
Catarina
3 months ago
Definitely A, makes the most sense!
DE
Delbert
3 months ago
I think it's A) $479 Debit.
AS
Ashley
3 months ago
I thought it was $479 Debit, but now I'm confused.
AM
Amos
3 months ago
Definitely $642 Debit, no doubt about it!
RU
Ruthann
4 months ago
Wait, how can it be a credit balance? That seems off.
DE
Deeanna
5 months ago
I think it’s $479 Credit, but I could be wrong.
SH
Shaunna
5 months ago
I'm pretty sure the opening balance is $642 Debit.
AI
Aileen
6 months ago
I feel like the opening balance is usually a debit, so maybe it's $479 Debit, but I need to double-check my notes.
PH
Phung
6 months ago
I’m leaning towards $642 Credit, but I’m a bit confused about how to interpret the exhibit correctly.
KA
Karina
6 months ago
I remember a similar question where we had to determine if the balance was a debit or credit based on transactions. This feels familiar.
KR
Kris
6 months ago
I think the opening balance should be a debit, but I'm not sure if it's $479 or $642.