Homework help

RING 11. What is the balance in Accounts Payable - Account Description Poole assuming the following are the only transactions affecting the account? 9 Merchandise Inventory Oato 2600 2600 A/P Pooke Merchandise Inventory Merchandise lnventory 7/11 A/P Poole 600 7/24AUP Poole 2000 40 1960 Casth (indicate if it is a debit or credit balance) 12. In the t-account below show the entry to the petty cash account to reduce the petty cash fund to $300 1/1 balance 400 13. Net income = (circle appropriate sign) 14. What is formula to calculate cost of goods sold