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2/10 Accounts Explanation Debit Credit Cash 55 Debt 55 Borrowed money from bank 2/11 Accounts Payable 8 Cash 8 2/12 Inventory 14 Accounts Payable 14
2/10 | Accounts Explanation | Debit | Credit |
Cash | 55 | ||
Debt | 55 | ||
Borrowed money from bank | |||
2/11 | Accounts Payable | 8 | |
Cash | 8 | ||
2/12 | Inventory | 14 | |
Accounts Payable | 14 | ||
Bought Manufacturing Supply on Credit | |||
Consider the following account starting balances and journal transactions involving these accounts. Use T-accounts to record the starting balances and organize the offsetting entries for the transactions.
The starting balance of Accounts Payable is $2,000 The starting balance of Cash is $13,700 The starting balance of Debt is $3,600 The starting balance of Inventory is $5,100 What is the final amount in Accounts payable?
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