Question 3 Not complete Marked out of 5.00 P Flag question The Account The following transactions occurred during December, the first month of operations for Farly Company. Prepare journal entries and create a T-account for accounts payable that includes the following five transactions 1 Purchased 1900 of vwentory on account 2 Purchased 5200 of inventory on account. 3 Parduers 5550 4 Purchased 500 of w ory on account 5 Paid suppliers 5300 General Journal 2/SO e A F S O G J K H L My SUDS Business Course * Return to course General Journal Description Debit Credit Ref. (1) To record purchase of inventory on account To record purchase of inventory on account. To record payment to suppliers. To record purchase of inventory on account To record payment to suppliers Financial Accounting myBusinessCourse Business Course Return to course Accounts Payable Balance Check Previous Save Answers