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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 Receivable is $3,200 The starting balance of Cash is $14,100 The starting balance of Inventory is $4,900 Date Accounts and Explanation Debit Credit Jan 19 Inventory 17 Cash 17 Bought manufacturing supplies for cash Cash Jan 20 25 25 Jan 21 Inventory Sold and delivered product to customer at cost Cash Accounts Receivable Received customer payment 12 12 What is the final amount in Cash
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