Reference no: EM132522312
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 $2,700
The starting balance of Cash is $9,900
The starting balance of Debt is $3,500
The starting balance of Inventory is $3,800
1. Pay $6 owed to a supplier
2. Buy $17 worth of manufacturing supplies on credit
3. Borrow $61 from a bank
Required - What is the final amount in Debt?