cash, accounts receivable, inventory, prepaid rent, fixtures and equipment , accounts payable, interest payable, wages payable, notes payable, paid in capital, retained earnings

Transaction 2 The company quickly acquired $45,000 in inventory, 40% of which was paid for in cash. The rest was acquired on open accounts that were payable after 30 days. Account: Cash Dollar amount: -18000 Account: Inventory Dollar amount: 45000 Account: Accounts Payable Dollar amount: -27000 Account: Leave Blank Dollar amount: Foil1=Leave%20Blank Account: Leave Blank Dollar amount: Foil1=Leave%20Blank Submit Answer Incorrect. Tries 1/5 Previous Tries