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A sole proprietorship has the following transactions: The business received $20,000 cash from the owner in exchange for capital. The business...
A sole proprietorship has the following transactions:
The business received $20,000 cash from the owner in exchange for capital.
The business purchased $600 of office supplies on account.
The business purchased $3,000 of furniture on account.
The business performed services to various clients totaling $11,000 on account.
The business paid $3,000 for salaries expense and $4,500 for rent expense.
The business paid $600 to a supplier for the office supplies purchased earlier.
The business collected $2,000 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. Accounts Payable will appear as which of the following?
