Paying For Inventory
John pays for products (inventory) he purchased from Bill. As a result, John's monetary assets decrease (cash available in his bank account). This same transaction also satisfies a part of the "Who Do I Owe?" section called "Accounts Payable." Once the inventory is paid for, John no longer owes Bill (accounts payable)
Text
Company address
Adilas, LLC
517 Bake Street
Salida, CO 81201
You Dream It Up
We'll Wire It Up