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: Set up the initial balance

The initial balance is $0$.

Step2: Add the first increase

$0 + 450=450$

Step3: Subtract the decrease

$450 - 175 = 275$

Step4: Add the second increase

$275+600 = 875$

Step5: Add the third increase

$875 + 350=1225$ In accounting, expense accounts have debit balances.

Answer:

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