Question: Step by step solution with clear hand writing on 10 ered ked out of A business has the following transactions: The business is started by


Step by step solution with clear hand writing
on 10 ered ked out of A business has the following transactions: The business is started by receiving $25,000 from the owner. The business purchased $700 of office supplies on account and $2,500 of furniture on account. The business rendered services to various clients totaling $10,000 on account. It paid $5,000 as salaries expense and $6,000 as rent expense. It paid $1,000 to a supplier for the office supplies purchased earlier. It collected $3,000 from one of its clients for services rendered earlier in the month. At the end of the month, all journal entries are posted to the ledger. The Accounts Payable account will appear as: Flag uestion Select one: Accounts Payable 700 2.500 1,000 4,200 Bal. Accounts Payable 1.000 700 2.500 O 2.200 Bal. Accounts Payable 700 2.500 0 Select one: O Accounts Payable 700 2.500 1,000 4,200 Bal. Accounts Payable 1,000 700 2.500 O 2,200 Bal. O Accounts Payable 700 2.500 1,000 Bal. 2,200 Accounts Payable 700 2.500 3.200 Bal
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