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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 $3,600 The starting balance of Cash is $12,500 The starting balance of Inventory is $5,200 Date Accounts and Explanation Debit Credit Jan 19 Cash 40 Inventory 40 Sold and delivered product to customer at cost Jan 20 Cash 13 Accounts Receivable 13 Received customer payment Jan 21 Inventory 14 Cash 14 Bought manufacturing supplies for cash What is the final amount in Accounts Receivable
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