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Post the november transactions to t-accounts

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Reference no: EM132820003

Problem 1: Post the following November transactions to T-accounts for Accounts Payable, Inventory, and Cash, indicating the ending balance. Assume no beginning balances in Accounts Payable and Inventory, and a beginning Cash balance of $21,220.

A. purchased merchandise inventory on account, $9,900.

B. paid vendors for part of inventory purchased earlier in month, $6,500.

C. purchased merchandise inventory for cash, $4,750.

Reference no: EM132820003

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