Submitted the same type of question once before, the math isnt difficult I just
ID: 2592545 • Letter: S
Question
Submitted the same type of question once before, the math isnt difficult I just dont know where to start on knowing what type of account it is / how many accounts there would be. (last question had 2/5 accounts)
The company quickly acquired $42,000 in inventory, 50% of which was acquired on open accounts that were payable after 30 days. The rest was paid for in cash. Account: Account: Account: Account: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount Account: Cash Accounts Receivable Submit Prepaid Rent Fixtures and Equipment My g Export Accounts Payable er new Interest Payable NEW I Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank oing Wrong Anonymous 1 Reply (Mon Nov 27 12:39:43 am 2017 (EST)) d 4 times and I need to get this right 8000, 40000-28000) He Cas InvExplanation / Answer
Inventory 42000 Cash -21000 Accounts payable 21000