E$3-9($Algo$)$ Analyzing the Effects of Transactions in T$-$Accounts LO$3-3,3-4$

Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows:

$\backslash$table$[[$Cash$,6,700,$Accounts payable,$$9,100$