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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 $1,900 The starting balance of Cash is $9,100 The starting balance of Debt is $2,400 The starting balance of Inventory is $4,800 Date Accounts and Explanation Debit Credit Feb 10 Inventory 18 Accounts Payable Bought manufacturing supplies on credit 18 Feb 11 Cash 53 Debt 53 Borrowed money from bank Feb 12 Accounts Payable 8 Cash Paid money owed to supplier What is the final amount in Debt
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