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Chaney Aircraft Service Co. started business on April 1, 2019. The company began business with $12,000 in cash and no other assets. During the first

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Chaney Aircraft Service Co. started business on April 1, 2019. The company began business with $12,000 in cash and no other assets. During the first month business, Chaney used a purchase journal and a cash payment journal. Those journals at the end of the month are provided below. (Click the icon to view p i Purchase Journal (Click the icon to view ca What was the accounts paya Supplier Account Accounts Inventory Supplier Other Accounts A. $2,800 credit Date Credited Payable Debit Debit Debit Amount Apr. 2 A1 Products $2,000 $2,000 OB. $0 5 Adams Equip Co 5,000 Equipment $4, 100 O C. $5,000 debit 11 A1 Products 1,000 1,000 O D. $2,200 credit 15 Clark Co 600 Repair expense 600 21 Adams Equip. Co 2,200 Equipment 2,200 22 Martha Food Service 70 Misc. Expense 70 Total $10,870 $0 $3,000 $7,870

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