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The T-accounts below summarize transactions of Valley Technology from February 22 to February 25, 2020: Cash Balance 9,700 85 63 5 12 Balance 9,814 44
The T-accounts below summarize transactions of Valley Technology from February 22 to February 25, 2020:
Cash
Balance
9,700
85
63
5
12
Balance
9,814
44
7
PP&E, Net
Balance
16,400
44
Balance
16,444
Accounts Payable
7
Balance
1,500
15
Balance
1,508
Other Liabilities
Balance
800
Balance
800
Accounts Receivable
Balance
4,500
Balance
4,488
12
Other Assets
Balance
1,700
Balance
1,700
Debt
Balance
2,900
63
Balance
2,963
Paid-In Capital
Balance
7,300
85
Balance
7,385
Inventory
Balance
3,800
15
Balance
3,811
4
Retained Earnings
Balance
23,600
1
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