On January 13, 2013, you purchase 1500 tennis balls (10 dollars each) and 50 soccer balls (100 each) for $20,000 on account
Debt: Inventory $20,000
Credit: Account Payable $20,000
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From @kimjongskill
On January 13, 2013, you purchase 1500 tennis balls (10 dollars each) and 50 soccer balls (100 each) for $20,000 on account
Debt: Inventory $20,000
Credit: Account Payable $20,000