Im having a bit of trouble figuring what accounts go debit or credit in the T accounts, and how to break them down
I think my answers are right in ( Ins. premium paid, Rental payments, Interest received, Interest paid, and salaries paid). PLEASE HELP! THX
Exp:
Insurance Exp 25200 T- accounts Prepaid ins. = Dr. 1300 + ?=1800, ?= 500 { 1300 +500=1800)
Ins. Exp: Dr. 25200+500 = 25700 (Balance of $25700)
Cash? 25200
Prepaid Insurance 500
Insurance Premium paid 500.
and the insurance premium would be $ 25,700.
.
Expensefevenue an the Inanrne statement 1M! m- - m- - _-_ - The fallawing balances are excerpted from the Campanfs balance sheets Prepaid Insurance repaid Rent nterEt Receivable InterEt Payable Salaries Payable 'D Ilggggllggggg Insurance premium paid':I Rental paymenls? nterEt Received? InterEt Paid ? Salaries Paid':I IIIIIIIIIIIIIII Illlllllllllll ' Excel File Edit View Insert Format Tools Data Window Help $ in 2 -l.A- A" B Candiziunal Furmalll'ng v o _ El Cundiliunal Fannining v nn ' . /0 @ Farm-I as Table v l- 1 q v A..- :. 2' Formal as Table V Cllpnoard Fonl Allgrlmel'll F Cell 31W\" Y Calls Number @ Call 8m\" v Cells Editing F20 :l x r v A B c D E G H I l K L M N 1 _ _game statement__2012 ' 1 1 i _ l ! l i ! _ I 2 Insurance exp nse l 25200 l 2 {5999' r Prenaidlns Ins END 7 a RentE ense V 130007 7 b 3 ' 2 -- "13\";- 25200 I I \"P 777777 2 4 ,.. .,. 500 500 ' 'UIEILSIEEEFWF E50\". 5 ma" Ins __i 5001 1300i _ i zsvmi i i_ 5 ll'l'terestExpense _ 3000 5 Ins.PremiumEaidi . . . . 5 Salary Expense 10000 7 J l _ _ . I. l _ J . 7 ' l 8 Lemma ' 150093 . Prepaid Rent IlentEllp ' . _ r ' 9 Cash??? 1 . 10000} 3200 700i , 10000 700 ! a The fulluwmg balances are emanated from the Company 5 balance sheets 10 "'" """" "'' " ' "' ' ' 2 _. _ u may\"). 1 i 2.529 . . am I I' m Prepaid Insurance . 13007 . 1300 11 \"mall'mms' 700' T ' . 11 2500 L . L... _J ! _ | |_ "' --- _ ___ i Int. Recelvable Inl.Rev i _ 12 3290.. 150ml_ _ 3300 000} _ 15000 _ j _ 13 . 33007 _ sou _ u Salaries Payable 9000 _ l _l _ ' l .Q' _ _ . _ " - ' . . l l l l I '5 _ . . . 20 lnt.Exp_ 3000 _ lnt.F able lnt.aep n ilnfsgangegrfemlum paid? ZSJQlJ . 21 cash??? i ' 23000 i 50m 500 I I 13 Rental payment? . 173007 22 _ _ i 500i i _ 13 InterestReoeived'l' 15500 23 "'l-th'e l 500' . . l. 3300} . 75ml . i . 22 0395903202.: 7500. :2 \"35"\" l l 53- ' ' l i ' l ' 21 Salaries l'aili'lI . 120007 , 25 _SEEEZEE 19999? _ SaI.Pa\\lahIe l 55' Exp _ 22 27 gm??? l 10099' i 2000 3090' 31000 | | 23 i i 25 _ __ W l 2000 1- 29 glaqfamhle i 2000; .......l. i 9000; i nomi i i J" 30 SalarvPald 2000 ' ' ' ' |l 2'!\" maxlesdelaul ' Excel File Edit View Insert Format Tools Data Window Help $ in 2 -l.A- A" B Candiziunal Furmalll'ng v o _ El Cundiliunal Fannining v nn ' . /0 @ Farm-I as Table v l- 1 q v A..- :. 2' Formal as Table V Cllpnoard Fonl Allgrlmel'll F Cell 31W\" Y Calls Number @ Call 8m\" v Cells Editing F20 :l x r v A B c D E G H I l K L M N 1 _ _game statement__2012 ' 1 1 i _ l ! l i ! _ I 2 Insurance exp nse l 25200 l 2 {5999' r Prenaidlns Ins END 7 a RentE ense V 130007 7 b 3 ' 2 -- "13\";- 25200 I I \"P 777777 2 4 ,.. .,. 500 500 ' 'UIEILSIEEEFWF E50\". 5 ma" Ins __i 5001 1300i _ i zsvmi i i_ 5 ll'l'terestExpense _ 3000 5 Ins.PremiumEaidi . . . . 5 Salary Expense 10000 7 J l _ _ . I. l _ J . 7 ' l 8 Lemma ' 150093 . Prepaid Rent IlentEllp ' . _ r ' 9 Cash??? 1 . 10000} 3200 700i , 10000 700 ! a The fulluwmg balances are emanated from the Company 5 balance sheets 10 "'" """" "'' " ' "' ' ' 2 _. _ u may\"). 1 i 2.529 . . am I I' m Prepaid Insurance . 13007 . 1300 11 \"mall'mms' 700' T ' . 11 2500 L . L... _J ! _ | |_ "' --- _ ___ i Int. Recelvable Inl.Rev i _ 12 3290.. 150ml_ _ 3300 000} _ 15000 _ j _ 13 . 33007 _ sou _ u Salaries Payable 9000 _ l _l _ ' l .Q' _ _ . _ " - ' . . l l l l I '5 _ . . . 20 lnt.Exp_ 3000 _ lnt.F able lnt.aep n ilnfsgangegrfemlum paid? ZSJQlJ . 21 cash??? i ' 23000 i 50m 500 I I 13 Rental payment? . 173007 22 _ _ i 500i i _ 13 InterestReoeived'l' 15500 23 "'l-th'e l 500' . . l. 3300} . 75ml . i . 22 0395903202.: 7500. :2 \"35"\" l l 53- ' ' l i ' l ' 21 Salaries l'aili'lI . 120007 , 25 _SEEEZEE 19999? _ SaI.Pa\\lahIe l 55' Exp _ 22 27 gm??? l 10099' i 2000 3090' 31000 | | 23 i i 25 _ __ W l 2000 1- 29 glaqfamhle i 2000; .......l. i 9000; i nomi i i J" 30 SalarvPald 2000 ' ' ' ' |l 2'!\" maxlesdelaul
