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The Garden Company began the accounting period with a $42,000 credit balance in its Accounts...

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Accounting

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The Garden Company began the accounting period with a $42,000 credit balance in its Accounts Payable account. During the accounting period, Garden Company incurred expenses on account of $121,000. The ending Accounts Payable balance was $61,000. Required Based on this information, determine the amount of cash outflow for expenses during the accounting period. (Hint: Use a T-account for Accounts Payable. Enter the debits and credits for the given events, and solve for the missing amount.) Cash outflow for expenses

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