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The beginning balance in the accounts payable account was $5,000. During the month, the following four journal entries (involving accounts payable) were recorded. Compute
The beginning balance in the accounts payable account was $5,000. During the month, the following four journal entries (involving accounts payable) were recorded. Compute the ending Accounts Payable balance. a. Inventory b. Accounts Payable Cash c. Accounts Payable d. Inventory $2,000 $3,000 $5,000 $7,000 $8,000 Debit Credit 2,700 Accounts Payable 2,700 6,500 6,500 200 Inventory 200 3,000 Cash Accounts Payable 1,000 2,000
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