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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
Consider the following account starting balances and journal transactions involving these accounts. Use Taccounts to record the starting balances and organize the offsetting entries for the transactions.
The starting balance of Accounts Receivable is $
The starting balance of Cash is $
The starting balance of Inventory is $
tableDateAccounts and Explanation,Debit,CreditJan Cash,Inventory,,Sold and delivered product to customer at costJan Cash,Accounts Receivable,,Received customer payment,Jan Inventory,,Cash,,Bought manufacturing supplies for cash,,
What is the final amount in Cash?
Note: No unit adjustments are necessary.
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