Set up T-account form and determine the ending balances to such extent as these accounts areconcerned. Account

Set up T-account form and determine the ending balances to such extent as these accounts areconcerned.

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Account Cash Accounts receivable Invent Accounts payable Note payable 900 3000 5700 3600 950 1. Purchased inventory on account 2. Sold goods on account: sales revenues S 2,350 S 6,350 S 4,150 S 3.400 S 5,350 S 950 Cost of goods sold 3.Paid vendors 4. Collected from customers 5. Paid off note payable