Homework fagment 1 Chap X + > mycone.com/platform/mod/quattempt.phplattempt-1812860cmid=273359 App M Gm YouTube Maps ! Return to course Support - My Subscriptions Natalie Hunter The following transactions occurred during December, the first month of operations for Farly Company. Prepare journal entries and create account for accounts payable that Includes the following five transactions 1 Purchased 5900 of inventory on account 2 Purdused 5200 of inventory on account Paid suppliers 5550 4 Purchased $500 of inventory on account 5 Paid Suppliers 5300 Credit 300 0 300 General Journal Ref. Description tt) Accounts Payable . . To record purchase of inventory on account inventory = inventory To record purchase of inventory on account 13 Inventory = a record Dayment to suppliers 43 Accounts Payable 900 0 900 . 200 0 200 300 0 0 300 To record purchase of inwentary on account pro nel F Type here to search 2