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  3. the adjusted trial balance of fargo company as of

The adjusted trial balance of Fargo Company as of July 31,2022 is presented below. (Read...

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Accounting

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The adjusted trial balance of Fargo Company as of July 31,2022 is presented below. (Read that again, think about what that means about where Fargo is in the accounting cycle.) Notice that the total debits and credits for each account are indicated (including the beginning balances) rather than the usual account balance. For example, the eash account had transactions which resulted in a total of $67,900 debits (including the beginning balance) and a total of $59,600 credits. All adjusting entries have been made for the month of July 2022, except the adjustment for inventory. Fargo's fiscal year end is June 30. If all expenses and asset acquisitions were paid for upon receipt and the only credit to accounts payable was for merchandise purchases, what was the total amount of purchases for which cash was paid without crediting accounts payable? The balance of accounts payable at the beginning of the month was $5,000. All purchases returned were originally purchased on credit

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