a) For each of the following t-accounts, calculate the missing amount and enter it in the...

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Question

a) For each of the following t-accounts, calculate the missing amount and enter it in the...

a) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Accounts Receivable
8/1	Beginning balance	4,800	8/15	Transaction C	?
8/7	Transaction A	1,500	8/19	Transaction D	1,200
8/14	Transaction B	6,000	8/30	Transaction F	4,200
8/29	Transaction E	8,700
	Ending balance	10,100

b) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Sales
7/9	Transaction B	1,500	7/1	Beginning balance	20,000
7/18	Transaction C	2,000	7/6	Transaction A	?
			7/28	Transaction D	3,400
				Ending balance	28,200

c) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Cash
5/1	Beginning balance	?	5/16	Transaction A	2,000
5/18	Transaction B	5,000	5/19	Transaction C	25,000

	Ending balance	65,000

d) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Unearned Revenue
			3/1	Beginning balance	30,000
3/16	Transaction A	16,800	3/17	Transaction B	25,000
3/28	Transaction C	?	3/29	Transaction D	3,500
				Ending balance	35,500

e) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Selling Expense
1/1	Beginning balance	0	1/9	Transaction D	?
1/5	Transaction A	1,500
1/13	Transaction B	6,000
1/28	Transaction C	8,700
	Ending balance	14,700

f) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Sales Returns
7/1	Beginning balance	0
7/9	Transaction A	1,500
7/18	Transaction B	2,000
	Ending balance	?

business accounting

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Answer 1

Answer #1

a) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Accounts Receivable
8/1	Beginning balance	4800	8/15	Transaction C	5500
8/7	Transaction A	1500	8/19	Transaction D	1200
8/14	Transaction B	6000	8/30	Transaction F	4200
8/29	Transaction E	8700
	Ending balance	10100

Transaction C= Beginning balance+Transaction A+Transaction B+Transaction E-Transaction D-Transaction F-Ending balance

= $4800+1500+6000+8700-1200-4200-10100

= $5500

b) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Sales
7/9	Transaction B	1500	7/1	Beginning balance	20000
7/18	Transaction C	2000	7/6	Transaction A	8300
			7/28	Transaction D	3400
				Ending balance	28200

Transaction A= Transaction B+Transaction C+Ending balance-Beginning balance-Transaction D

= $1500+2000+28200-20000-3400

= $8300

c) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Cash
5/1	Beginning balance	87000	5/16	Transaction A	2000
5/18	Transaction B	5000	5/19	Transaction C	25000

	Ending balance	65000

Beginning balance= Transaction A+Transaction C+Ending balance-Transaction B

= $2000+25000+65000-5000

= $87000

d) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

provided.

Unearned Revenue
			3/1	Beginning balance	30000
3/16	Transaction A	16800	3/17	Transaction B	25000
3/28	Transaction C	6200	3/29	Transaction D	3500
				Ending balance	35500

Transaction C= Beginning balance+Transaction B+Transaction D-Transaction A-Ending balance

= $30000+25000+3500-16800-35500

= $6200

e) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Selling Expense
1/1	Beginning balance	0	1/9	Transaction D	1500
1/5	Transaction A	1500
1/13	Transaction B	6000
1/28	Transaction C	8700
	Ending balance	14700

Transaction D= Beginning balance+Transaction A+Transaction B+Transaction C-Ending balance

= $0+1500+6000+8700-14700

= $1500

f) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Sales Returns
7/1	Beginning balance	0
7/9	Transaction A	1500
7/18	Transaction B	2000
	Ending balance	3500

Ending balance= Beginning balance+Transaction A+Transaction B

= $0+1500+2000

= $3500

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Answer 2

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