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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 $14,300 The starting balance of Debt is $3,200 The starting balance of Inventory is $5,800

Date Accounts and Explanation Debit Credit
Feb 10 Cash 68
Debt 68
Borrowed money from bank
Feb 11 Accounts Payable 5
Cash 5
Paid money owed to supplier
Feb 12 Inventory 16
Accounts Payable 16
Bought manufacturing supplies on credit

What is the final amount in Accounts Payable?

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