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A business has the following transactions: The business received $ 2 2 comma 0 0 0 cash and issued common stock to stockholders. The business

A business has the following transactions:
The business received $22 comma 000 cash and issued common stock to stockholders.
The business purchases $700 of office supplies on account.
The business purchases $4 comma 000 of furniture on account.
The business performs services to various clients totaling $16 comma 000 on account.
The business pays out $2 comma 500 for salaries expense and $3 comma 500 for rent expense.
The business pays $700 to a supplier for the office supplie; purchased earlier.
The business collects $2 comma 000 from one of its clients for services rendered earlier in the month.
At the end of the month, all journal entries are posted to the ledger.
Prepare the T-account for Accounts Payable.
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