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Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record...

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Accounting

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 Receivable is $3,200 The starting balance of Cash is $14,100 The starting balance of Inventory is $4,900 1. Buy $17 worth of manufacturing supplies for cash 2. Sell product for $25 in cash with historical cost of $25 3. Receive payment of $12 owed by a customer What is the final amount in Cash? Note: No unit adjustments are necessary.
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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 Receivable is $3,200 The starting balance of Cash is $14,100 The starting balance of Inventory is $4,900 1. Buy $17 worth of manufacturing supplies for cash 2. Sell product for $25 in cash with historical cost of $25 3. Receive payment of $12 owed by a customer What is the final amount in Cash? Note: No unit adjustments are necessary

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