Given the followin Account Payable 1- Account, describe the missing item and compute its amount. DR CR Beginning Balance 400 ? 2,500 Ending Balance 300 Given the following Accounts Payable T- Account, describe the missing item and compute its amount. $2,400 Purchases made on account $2,400 Payments made for amounts owed $2,600 Payments made for amounts owed O $2,400 Purchases made on account $2,400 Payments made for amounts owed $2,600 Payments made for amounts owed $2,600 Purchases made on account