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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 $2,800 The starting balance of Cash is $8,400 The starting balance of Debt is $3,400 The starting balance of Inventory is $4,200

Date Accounts and Explanation Debit Credit
Feb 10 Accounts Payable 6
Cash 6
Paid money owed to supplier
Feb 11 Inventory 17
Accounts Payable 17
Bought manufacturing supplies on credit
Feb 12 Cash 55
Debt 55
Borrowed money from bank

What is the final amount in Debt?

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