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I need the T Account exercises complete. I only need answers no need to show work. Must score 70% or higher. I also attached the

I need the T Account exercises complete. I only need answers no need to show work. Must score 70% or higher.

I also attached the T Account examples that include answers so you can reference. However, I don't need the problems in the Examples doc. I need the answers in the T Account exercises doc.

image text in transcribed T Accounts Examples Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the starting balances and the offsetting entries for the transactions. The starting balance of Accounts Receivable is $3,400 The starting balance of Cash is $9,000 The starting balance of Inventory is $5,100 1. Receive payment of $10 owed by a customer 2. Buy $16 worth of manufacturing supplies for cash 3. Sell product for $40 in cash with historical cost of $40 What is the final amount in Cash? Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the starting balances and the offsetting entries for the transactions. The starting balance of Accounts Payable is $2,400 The starting balance of Cash is $12,500 The starting balance of Debt is $3,700 The starting balance of Inventory is $5,200 1. Pay $4 owed to a supplier 2. Buy $15 worth of manufacturing supplies on credit 3. Borrow $54 from a bank What is the final amount in Debt? Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the starting balances and the offsetting entries for the transactions. The starting balance of Cash is $14,700 The starting balance of Inventory is $3,800 The starting balance of Retained Earnings is $22,900 1. Sell product for $35 in cash with historical cost of $28 2. Sell, deliver, and receive payment of $20 for service 3. Consume good or service and pay expense of $3 What is the final amount in Retained Earnings? The T-accounts below summarize transactions of Dansko Integrated from February 22 to February 25, 2016: Cash Balance 9,900 90 16 65 10 PP&E, Net 4 49 Accounts Receivable Balance 4,500 10 Balance 16,800 49 Other Assets Balance 1,600 Accounts Payable 4 Balance 2,700 17 Debt Other Liabilities Balance 1,000 Paid-In Capital Balance 3,500 Balance 8,000 65 Inventory Balance 3,800 17 90 Retained Earnings Balance 21,400 3 13 What is the final amount in Total Equity? Torche Corporation Balance Sheet As of March 11, 2016 (amounts in thousands) Cash 14,700 Accounts Payable 2,400 Accounts Receivable 4,800 Debt 3,700 Inventory 3,800 Other Liabilities 5,000 15,800 Total Liabilities 11,100 Property Plant & Equipment Other Assets Total Assets 900 Paid-In Capital 40,000 6,000 Retained Earnings 22,900 Total Equity 28,900 Total Liabilities & Equity 40,000 Use T-accounts to record the transactions below, which occur on March 12, 2016, close the T-accounts, and construct a balance sheet to answer the question. 1. Receive payment of $12,000 owed by a customer 2. Buy $15,000 worth of manufacturing supplies on credit 3. Purchase equipment for $44,000 in cash What is the final amount in Total Liabilities & Equity? Please specify your answer in the same units as the balance sheet. Ruston Company Balance Sheet As of March 11, 2016 (amounts in thousands) Cash 9,000 Accounts Payable 1,200 Accounts Receivable 3,400 Debt 3,600 Inventory 5,100 Other Liabilities 2,100 17,500 Total Liabilities 6,900 Property Plant & Equipment Other Assets 600 Paid-In Capital Total Assets 35,600 5,900 Retained Earnings 22,800 Total Equity 28,700 Total Liabilities & Equity 35,600 Use T-accounts to record the transactions below, which occur on March 12, 2016, close the T-accounts, and construct a balance sheet to answer the question. 1. Borrow $55,000 from a bank 2. Buy $14,000 worth of manufacturing supplies on credit 3. Pay $7,000 owed to a supplier 4. Receive payment of $12,000 owed by a customer 5. Issue $75,000 in stock What is the final amount in Total Assets? Please specify your answer in the same units as the balance sheet. Ruston Company Balance Sheet As of March 11, 2016 (amounts in thousands) Cash 9,000 Accounts Payable 1,200 Accounts Receivable 3,400 Debt 3,600 Inventory 5,100 Other Liabilities 2,100 17,500 Total Liabilities 6,900 Property Plant & Equipment Other Assets Total Assets 600 Paid-In Capital 35,600 5,900 Retained Earnings 22,800 Total Equity 28,700 Total Liabilities & Equity 35,600 Use T-accounts to record the transactions below, which occur on March 12, 2016, close the T-accounts, and construct a balance sheet to answer the question. 1. Sell product for $30,000 in cash with historical cost of $24,000 2. Sell, deliver, and receive payment of $25,000 for service 3. Consume good or service and pay expense of $1,000 What is the final amount in Total Assets? Please specify your answer in the same units as the balance sheet. Solution Note: To see submitted exercise solution details, uncheck the 'Display all exercises' box and click the Show Solution button for the desired exercise. Overall: 0 Right. 7 Wrong. Wrong. Your submitted solution is 0. The correct solution is 9,034. Wrong. Your submitted solution is 0. The correct solution is 3,754. Wrong. Your submitted solution is 0. The correct solution is 22,924. Wrong. Your submitted solution is 0. The correct solution is 29,493. Wrong. Your submitted solution is 0. The correct solution is 40,015. Wrong. Your submitted solution is 0. The correct solution is 35,737. Wrong. Your submitted solution is 0. The correct solution is 35,630. T Accounts Exercises Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the starting balances and the offsetting entries for the transactions. The starting balance of Accounts Receivable is $4,400 The starting balance of Cash is $9,100 The starting balance of Inventory is $4,800 1. Receive payment of $12 owed by a customer 2. Buy $18 worth of manufacturing supplies for cash 3. Sell product for $25 in cash with historical cost of $25 What is the final amount in Accounts Receivable? Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the starting balances and the offsetting entries for the transactions. The starting balance of Accounts Payable is $2,800 The starting balance of Cash is $8,400 The starting balance of Debt is $3,400 The starting balance of Inventory is $4,200 1. Pay $6 owed to a supplier 2. Buy $17 worth of manufacturing supplies on credit 3. Borrow $55 from a bank What is the final amount in Debt? Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the starting balances and the offsetting entries for the transactions. The starting balance of Cash is $14,300 The starting balance of Inventory is $5,800 The starting balance of Retained Earnings is $22,900 1. Sell, deliver, and receive payment of $25 for service 2. Consume good or service and pay expense of $1 3. Sell product for $30 in cash with historical cost of $24 What is the final amount in Retained Earnings? The T-accounts below summarize transactions of Gulf Shipping Company from February 22 to February 25, 2016: Cash Balance 14,300 50 67 80 10 PP&E, Net 7 48 Accounts Receivable Balance 4,100 10 Balance 14,800 48 Other Assets Balance 700 Accounts Payable 7 Balance 1,900 16 Debt Other Liabilities Balance 4,000 Paid-In Capital Balance 3,200 Balance 7,700 67 Inventory Balance 5,800 16 80 Retained Earnings Balance 22,900 10 40 What is the final amount in Total Equity? Ruston Company Balance Sheet As of March 11, 2016 (amounts in thousands) Cash 9,000 Accounts Payable 1,200 Accounts Receivable 3,400 Debt 3,600 Inventory 5,100 Other Liabilities 2,100 17,500 Total Liabilities 6,900 Property Plant & Equipment Other Assets Total Assets 600 Paid-In Capital 35,600 5,900 Retained Earnings 22,800 Total Equity 28,700 Total Liabilities & Equity 35,600 Use T-accounts to record the transactions below, which occur on March 12, 2016, close the T-accounts, and construct a balance sheet to answer the question. 1. Borrow $55,000 from a bank 2. Buy $14,000 worth of manufacturing supplies on credit 3. Pay $7,000 owed to a supplier What is the final amount in Total Assets? Please specify your answer in the same units as the balance sheet. Nippon Technology Balance Sheet As of March 11, 2016 (amounts in thousands) Cash 13,700 Accounts Payable 2,000 Accounts Receivable 3,200 Debt Inventory 5,100 Other Liabilities 900 15,400 Total Liabilities 6,500 Property Plant & Equipment Other Assets 3,600 800 Paid-In Capital Total Assets 38,200 7,200 Retained Earnings 24,500 Total Equity 31,700 Total Liabilities & Equity 38,200 Use T-accounts to record the transactions below, which occur on March 12, 2016, close the T-accounts, and construct a balance sheet to answer the question. 1. Receive payment of $12,000 owed by a customer 2. Purchase equipment for $45,000 in cash 3. Issue $85,000 in stock 4. Borrow $67,000 from a bank 5. Buy $17,000 worth of manufacturing supplies on credit What is the final amount in Total Liabilities & Equity? Please specify your answer in the same units as the balance sheet. Dansko Integrated Balance Sheet As of March 11, 2016 (amounts in thousands) Cash 9,900 Accounts Payable 2,700 Accounts Receivable 4,500 Debt 3,500 Inventory 3,800 Other Liabilities 1,000 16,800 Total Liabilities 7,200 1,600 Paid-In Capital 8,000 Property Plant & Equipment Other Assets Total Assets 36,600 Retained Earnings 21,400 Total Equity 29,400 Total Liabilities & Equity 36,600 Use T-accounts to record the transactions below, which occur on March 12, 2016, close the T-accounts, and construct a balance sheet to answer the question. 1. Consume good or service and pay expense of $3,000 2. Sell product for $40,000 in cash with historical cost of $32,000 3. Sell, deliver, and receive payment of $25,000 for service What is the final amount in Total Liabilities & Equity? Please specify your answer in the same units as the balance sheet

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