Solution-What is the final amount in accounts payable

What is the final amount in accounts payable

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Reference no: EM132125840

Question - Consider the following account starting balances and transactions involving these accounts.

Use T-accounts to record the starting balances and the offsetting entries for the transactions.

The starting balance of Accounts Payable is $1,200

The starting balance of Cash is $9,000

The starting balance of Debt is $3,600

The starting balance of Inventory is $5,100

1. Buy $15 worth of manufacturing supplies on credit

2. Borrow $65 from a bank

3. Pay $7 owed to a supplier

What is the final amount in Accounts Payable?

Reference no: EM132125840

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What is the final amount in accounts payable

Reference no: EM132125840

Reference no: EM132125840

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