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use 1 -accounts to recora the transactions deiow, wnicn occur on ivarcn 1 1)Consider the following account starting balances and transactions involving these accounts. Use
use 1 -accounts to recora the transactions deiow, wnicn occur on ivarcn 1
1)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 $3,200 The starting balance of Cash is $14,100 The starting balance of Inventory is $4,900 1. Buy $17 worth of manufacturing supplies for cash 2. Sell product for $25 in cash with historical cost Of $25 3. Receive payment of $12 owed by a customer What is the final amount in Cash? Note: NO unit adjustments are necessary. 2) 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 $2,700 The starting balance Of Cash is $9,900 The starting balance of Debt is $3,500 The starting balance of Inventory is $3,800 1. Pay $6 owed to a supplier 2. Buy $17 worth Of manufacturing supplies on credit 3. Borrow $61 from a bank What is the final amount in Debt? 3) 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 $9,000 The starting balance Of Inventory is $5,100 The starting balance Of Retained Earnings is $22,800 1. Sell product for $30 in cash with historical cost of $24 2. Sell, deliver, and receive payment of $25 for service 3. Consume good or service and pay expense Of $1 What is the final amount in Retained Earnings? Note: No unit adjustments are necessary. 4) The T-accounts below summarize transactions Of Valley Technology from February 22 to February 25, 2023: Cash Balance 9, 700 85 63
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