If in August, Juarez Shop purchased $2,000 of goods for inventory, agreeing to pay in 30 days, it had an e _________ of $2,000 in August. Accounts Payable, which is a liability account, increased.

Juarez would record this transaction with the following journal entry:

Dr. I ___________ . . . . . . . . . . . . . . . . . . 2,000 Cr. A _______ P _______ . . . . 2,000