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Follow the link to view the journal entries for Spartan Inc. to answer the following question: What is the ending balance in Inventory? 11,000 Debit
Follow the link to view the journal entries for Spartan Inc. to answer the following question: What is the ending balance in Inventory? 11,000 Debit 11,000 Credit 8,000 Credit 3,000 Debit 02/01/2020 DR: Cash $ 50,000 CR: Stock $ 50,000 02/01/2020 DR: Inventory $ 3,000 CR: Cash $ 3,000 $ 10,000 02/01/2020 DR: Equipment CR: Cash $ 10,000 02/05/2020 DR: Inventory 8,000 $ CR; Accounts Payable $ 8,000 $ 4,000 02/15/2020 DR: Payroll Expnese CR: Cash $ 4,000 $ 150 02/15/2020 DR: Insurance Expense CR: Cash $ 150 $ 22,000 02/15/2020 DR: Accounts Receivable CR: Revenue 22,000 02/28/2020 DR: Cash $ 10,000 CR: Accounts Receivable 10,000
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