part 4

Question 1

Inventory account affected by

Answer 1

goods are purchased, goods are sold

Question 2

Accounts payables affected by

Answer 2

goods are purchased, cash is paid to suppliers

Question 3

cash account affected by

Answer 3

cash is paid to suppliers, cash is received from customers

Question 4

accounts receivables affected by

Answer 4

cash is received from customers, goods are sold