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Part c. Compute the ending balance of the T-Account for the cash account and accounts payable. If nothing to enter, leave blank. When the answers
Part c. Compute the ending balance of the T-Account for the cash account and accounts payable. If nothing to enter, leave blank. When the answers are in numbers, DO NOT put commas or $, only numbers. Cash (A) Dr+ Cr- Beg bal. 0 (1) (2) (3) End bal. Acct Payble(L) Dr- Cr+ 0 Beg bal. (1) (2) (3) End bal. Grizzly Co. enters into the following transactions. There are a total of 3 transactions. 1. Stockholders contribute $25,000 cash to a company in exchange for common stock. 2. The company purchases $12,500 of new equipment in exchange for its promise to pay $12,500 at the end of next month. 3. The company pays $7,500 to suppliers on account. Required: Part a. Show the effect of these transactions on the basic accounting equation. If nothing should be written, please leave it empty
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