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Prepare journal entries to record the following transactions. If an amount box does not require an entry, leave it A. February 2, purchased an asset,
Prepare journal entries to record the following transactions. If an amount box does not require an entry, leave it A. February 2, purchased an asset, merchandise inventory, on account, $31,000, B. March 10, paid creditor for part of February purchase, $11,000. Feb. 21 ave it blank. Mar. 10 Create a T-account for Accounts Payable, post any entries that affect the account, and tally ending balance for the account. Assume an Accounts Payable beginning balance of $4,000. Accounts Payable Beg. Bal. End. Bal
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