The company quickly acquired $42,000 in inventory, 70% of which was acquired on open accounts that were payable after 30 days. The rest was paid for in cash.

Transaction 2 $42,000 in inventory, 70% of which was acquire The company quickly acquired on open accounts that were payable after 30 days. The rest was paid for in cash. Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account