3. the account \salaries expense\ began with a zero balance and then had the following changes: increase of…

3. the account \salaries expense\ began with a zero balance and then had the following changes: increase of $450, decrease of $175, increase of $600, and an increase of $350. what is the final balance of the \salaries expense\ account, and is it a debit or credit?

3. the account \salaries expense\ began with a zero balance and then had the following changes: increase of $450, decrease of $175, increase of $600, and an increase of $350. what is the final balance of the \salaries expense\ account, and is it a debit or credit?

Answer

Explanation:

Step1: Initial balance is zero

$0$

Step2: Add first increase

$0 + 450=450$

Step3: Subtract decrease

$450- 175 = 275$

Step4: Add second increase

$275+600 = 875$

Step5: Add third increase

$875 + 350=1225$ Expense accounts have debit balances.

Answer:

The final balance of the "Salaries Expense" account is $$1225$ and it is a debit.