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Computerized accounting using QuickBooks: Why is the balance in Merchandise Inventory different than the balance in Accounts Payable? Include the account balances as of November

Computerized accounting using QuickBooks:

Why is the balance in Merchandise Inventory different than the balance in Accounts Payable? Include the account balances as of November 12 (completed in Exercise 4-2) in your answer. Merchandise Inventory is $12,920.00 and the Accounts Payable is $17,920.00. Explain.

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