Part 1)

Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the starting balances and the offsetting entries for the transactions. The starting balance of Accounts Receivable is $3,200 The starting balance of Cash is $14,100 The starting balance of Inventory is $4,900 1. Buy $17 worth of manufacturing supplies for cash 2. Sell product for $25 in cash with historical cost of $25 3. Receive payment of $12 owed by a customer What is the final amount in Cash? Note: No unit adjustments are necessary.Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the starting balances and the offsetting entries for the transactions. The starting balance of Accounts Payable is $2,400 The starting balance of Cash is $14,700 The starting balance of Debt is $3,700 The starting balance of Inventory is $3,800 1. Buy $16 worth of manufacturing supplies on credit 2. Borrow $62 from a bank 3. Pay $5 owed to a supplier What is the final amount in Debt? Note: No unit adjustments are necessary.Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the starting balances and the offsetting entries for the transactions. The starting balance of Cash is $9,700 The starting balance of Inventory is $3,800 The starting balance of Retained Earnings is $23,600 1. Sell product for $30 in cash with historical cost of $24 2. Sell, deliver, and receive payment of $40 for service 3. Consume good or service and pay expense of $2 What is the final amount in Retained Earnings? Note: No unit adjustments are necessary.The T-accounts below summarize transactions of Lightspeed Industries from February 22 to February 25, 2020: Cash PP&E, Net Accounts Payable Other Liabilities Balance Balance Balance Balance 14,100 47 16,300 8 1,900 2,000 80 8 47 17 65 12 6 Accounts Receivable Other Assets Debt Paid-In Capital Balance Balance Balance Balance 3,200 12 500 3,600 7,200 65 80 Inventory Retained Earnings Balance Balance 4,900 5 24,300 17 1 What is the final amount in Total Assets? Note: No unit adjustments are necessary