Posting
The beginning balance in the accounts payable account was $8,000.During the month, the following four journal entries (involving accounts payable) were recorded:
|
a. |
Inventory |
2,775 |
|
|
|
Accounts Payable |
|
2,700 |
|
b. |
Accounts Payable |
6,500 |
|
|
|
Cash |
|
6,500 |
|
c. |
Accounts Payable |
200 |
|
|
|
Inventory |
|
200 |
|
d. |
Inventory |
3,000 |
|
|
|
Cash |
|
450 |
|
|
Accounts Payable |
|
2,550 |
Create an Accounts Payable T account and post the entries to this account. Compute an ending balance.