Consultant Aaron Ashton purchased supplies on account for $$4,600.$ Later Ashton paid $$3,350$ on account.

Journalize the two transactions on the books of Aaron Ashton, Consultant. Include an explanation for each transaction.

A T$-$account for Accounts Payable has been opened. Post to Accounts Payable. Compute the balance and denote it as Bal.

How much does the business owe after both transactions? In which account does this amount appear?

Architect Aaron Ashton purchased supplies on account for $$4,600.$

Journal Entry

$\backslash$table$[[$Accounts and Explanations,Debit$]]$

Later Ashton paid $$3,350$ on account.

Journal Entry

$\backslash$table$[[$Accounts and Explanations,Debit$]]$

the ending balance as Bal.$)$

$3.$ How much does the business owe after both transactions? In which account does this amount appear?

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