XYZ Entries

The balances in XYZ Co's general ledger as of January $1,20(x)0$ are provided in the table $($cells H$3$:$18).$ Jason needs to create XYZ entries as of December $31,20($X$)0.$ Complete XYZ entries to account for the following transactions.

$(8\mathrm{.}1)$ Purchased inventory for $$35,000$ cash.

a$.$ The accounts payable balance as of January $1,20(x)0$ was also paid in fulli

b$.$ In cells choose Debit or Credit from the dropdown menu.

c$.$ In cells choose the accounts to debit or credit based on the transaction.

d$.$ In cells enter the amount debited$/$credited for each account.