As shown below: an accountant has debited the Inventory account for $65,000 and credited the Accounts Payable account for $46,000. Debit Inventory $65,000 Credit Accounts Payable $46,000 Credit ????? $19,000 The entry is not balanced. Which account below could be used to fill in the ????? above to form a realistic transaction? Select one: O a. There is no account that could be used to create a realistic transaction. O b. Sales Revenue. O c. Inventory. O d. Cash at Bank.

As shown below: an accountant has debited the Inventory account for $65,000 and credited the Accounts Payable account for $46,000. Debit Inventory $65,000 Credit Accounts Payable $46,000 Credit ????? $19,000 The entry is not balanced. Which account below could be used to fill in the ????? above to form a realistic transaction? Select one: O a. There is no account that could be used to create a realistic transaction. O b. Sales Revenue. O c. Inventory. O d. Cash at Bank.

Name: As shown below: an accountant has debited the Inventory account for $
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Description: As shown below: an accountant has debited the Inventory account for $65,000 and credited the AccountsPayable account for $46,000.Debit Inventory $65,000Credit Accounts Payable $46,000Credit ????? $19,000The entry is not balanced.Which account below

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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