Timer Notes Evaluate Feedback Course Contents >> PROBLEM #8 [FINANCIAL ACCOUNTING) > transaction 2 Transaction 2 The company quickly acquired $40,000 in inventory, 60% of which was paid for in cash. The rest was acquired on open accounts that were payable after 30 days. Account: Inventory Dollar amount: 40000 Account: Inventory Dollar amount: -24000 Account: Accounts Payable > Dollar amount: 16000 Account: Leave Blank Dollar amount: Foil1=Leave%20Blank Account: Leave Blank Dollar amount: Foil1=Leave%20Blank Submit Answer Incorrect. Tries 5/8 Previous Tries Threaded View Chronological View Other Views ... Export My general preferences on what is ma Mark NEW posts