Question
a) For each of the following t-accounts, calculate the missing amount and enter it in the space provided. Assume that the beginning and ending balances
a) For each of the following t-accounts, calculate the missing amount and enter it in the space provided. Assume that the beginning and ending balances are on the normal side of the account; that is, the side on which the balance increases.
Service Fee Revenue | |||||
3/1 | Beginning balance | 6,000 | |||
3/6 | Transaction A | 3,000 | |||
3/28 | Transaction C | ? | 3/22 | Transaction B | 3,500 |
Ending balance | 10,500 |
b) For each of the following t-accounts, calculate the missing amount and enter it in the space provided. Assume that the beginning and ending balances are on the normal side of the account; that is, the side on which the balance increases.
Cash | |||||
1/1 | Beginning balance | ? | 1/16 | Transaction C | 4,500 |
1/3 | Transaction A | 2,500 | 1/20 | Transaction D | 2,200 |
1/15 | Transaction B | 4,000 | 1/29 | Transaction F | 3,500 |
1/28 | Transaction E | 3,400 | |||
Ending balance | 9,800 |
c) For each of the following t-accounts, calculate the missing amount and enter it in the space provided. Assume that the beginning and ending balances are on the normal side of the account; that is, the side on which the balance increases.
Accounts Payable | |||||
6/4 | Transaction A | 1,500 | 6/1 | Beginning balance | 3,000 |
6/8 | Transaction C | 2,000 | 6/6 | Transaction B | ? |
6/29 | Transaction D | 3,400 | |||
Ending balance | 6,700 |
d) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.
Inventory | |||||
4/1 | Beginning balance | 40,000 | 4/9 | Transaction A | 8,000 |
4/15 | Transaction B | 5,000 | 4/28 | Transaction C | 25,000 |
Ending balance | ? |
e) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.
Taxes Payable | |||||
2/1 | Beginning balance | 30,000 | |||
2/6 | Transaction A | 25,000 | |||
2/28 | Transaction C | ? | 2/22 | Transaction B | 3,500 |
Ending balance | 40,500 |
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