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Required information [The following information applies to the questions displayed below The following entry appears in Galloway Paints general journal on April 23, 2018: Inventory

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Required information [The following information applies to the questions displayed below The following entry appears in Galloway Paints general journal on April 23, 2018: Inventory 26,600 Accounts Payable Cash 20,309 6,300 This transaction involves: Multiple Choice Gelloway's collection of $6.300 on an account payable Payment of $6.300 cash by Gelloway A $26.600 overall increese in Galloway's assets Sale of inventory by Galloway for $26.600

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