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Consultant Aaron Ashton purchased supplies on account for $4,600. Later Ashton paid $3,350...

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Accounting

Consultant Aaron Ashton purchased supplies on account for $4,600. Later Ashton paid $3,350 on account.
Journalize the two transactions on the books of Aaron Ashton, Consultant. Include an explanation for each transaction.
A T-account for Accounts Payable has been opened. Post to Accounts Payable. Compute the balance and denote it as Bal.
How much does the business owe after both transactions? In which account does this amount appear?
Architect Aaron Ashton purchased supplies on account for $4,600.
Journal Entry
\table[[Accounts and Explanations,Debit]]
Later Ashton paid $3,350 on account.
Journal Entry
\table[[Accounts and Explanations,Debit]]
the ending balance as Bal.)
3. How much does the business owe after both transactions? In which account does this amount appear?
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