Post the following November transactions to T-accounts for Accounts Payable, Inventory, and Cash, indicating the ending balance.

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Post the following November transactions to T-accounts for Accounts Payable, Inventory, and Cash, indicating the ending balance. Assume no beginning balances in Accounts Payable and Inventory, and a beginning Cash balance of $21,220.
A. Purchased merchandise inventory on account, $9,900
B. Paid vendors for part of inventory purchased earlier in month, $6,500
C. Purchased merchandise inventory for cash, $4,750

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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