Inventory Accounts payable 1) To record purchase of inventory on account. Debit Credit 2,000 0 0 2,000 Inventory Accounts payable 1,200 0 0 1,200 2) To record purchase of inventory on account. Accounts payable 2,400 0 Cash 0 2,400 3) To record payment to suppliers. Inventory 1,600- 03 Accounts payable 0 1,600- 4) To record purchase of inventory on account. Accounts payable 1,200 - Cash 0 1,200 5) To record payment to suppliers. Post the transactions (in order) to the accounts payable T-account. (Enter your answers in the first available field under the appropriate debit or credit column.) Accounts Payable 0x 2,000- 1,200- 1,200 01 3,200 x Balance 70 3,200 x Check