O Timer-Notes Feedback-Printfo Course Contents PROBLEM 8 FINANCIAL ACCOUNTING] transaction 2 Evaluate The company quickly acquired $40,000 in inventory, 60% of which was acquired on open accounts that were payable after 30 days. The rest was paid for in cash. Account: Inwentory Account: Cash Account: Accounts Payable Dollar amount 24000 Account: Leave Blank B Dollar amount: Foill-Leave%20Bank Account: (Leave Bank B Dollar amount: Foil,"Leave%20Blank Dollar amount: 40000 Dollar amount: -16000 Submit Answer Incorrect. Tries 3/S Previous Tries