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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

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 $1,500 The starting balance of Cash is $9,700 The starting balance of Debt is $2,900 The starting balance of Inventory is $3,800

Date Accounts and Explanation Debit Credit
Feb 10 Inventory 15
Accounts Payable 15
Bought manufacturing supplies on credit
Feb 11 Cash 60
Debt 60
Borrowed money from bank
Feb 12 Accounts Payable 7
Cash 7
Paid money owed to supplier

What is the final amount in Accounts Payable?

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