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Draw T-Account & Describe - An company purchases supplies as listed below. The vendor invoices the company at a later date, and the company makes
Draw T-Account & Describe - An company purchases supplies as listed below. The vendor invoices the company at a later date, and the company makes payment via a check. Prepare the T-Accounts and describe in detail, to illustrate the impact of these purchases on the general ledger.
- Purchase office supplies for $3,500 from Vendor 'A'
- Purchase office supplies for $2,200 from Vendor 'B'
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