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Country Vs City Living Essay Preview: Country Vs City Living Report this essay Wages Expense Wages Payable Cash Paid employee. Cash 10,000 A. Lopez, Capital 10,000 Additional investment by owner. Merchandise Inventory 5,700 Accounts Payable 5,700 Purchased merchandise on credit. Cash 3,500 Accounts Receivable—Gomez Co. 106.6 3,500 Collected accounts receivable. 11 Accounts Receivable—Alex’s Eng. Co.