For each of the following t-accounts, calculate the missing amount and write it in the space in the t-account. Assume that the beginning and ending balance are in the normal side of the account that is, the side in which the balance increases Beginning balanceTransaction A20,0006,0002/12/152/28 Transaction C54,000?Ending balance2-82.Service Fee RevenueFot-aBeginning balanceTransaction A6,0003,0003,5003/13/613-28 Transaction C? 3/22Transaction BEnding balance10,5003.Cash

Normal side of service revenue account is credit side.

Beginning balance Transaction A 20,000 6,000 2/1 2/15 2/28 Transaction C 54,000? Ending balance 2-8 2. Service Fee Revenue Fo t-a Beginning balance Transaction A 6,000 3,000 3,500 3/1 3/6 1 3-28 Transaction C ? 3/22 Transaction B Ending balance 10,500 3. Cash

Beginning balance Transaction A 20,000 6,000 2/1 2/15 2/28 Transaction C 54,000? Ending balance 2-8 2. Service Fee Revenue Fo t-a Beginning balance Transaction A 6,000 3,000 3,500 3/1 3/6 1 3-28 Transaction C ? 3/22 Transaction B Ending balance 10,500 3. Cash

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter2: The Accounting Information System

Section: Chapter Questions

Problem 53E: Exercise 2-53 Preparing a Trial Balance Preparation The fo1lowing accounts and account balances are...

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

For each of the following t-accounts, calculate the missing amount and write it in the space in the t-account. Assume that the beginning and ending balance are in the normal side of the account that is, the side in which the balance increases

Beginning balance
Transaction A
20,000
6,000
2/1
2/15
2/28 Transaction C
54,000?
Ending balance
2-8
2.
Service Fee Revenue
Fo
t-a
Beginning balance
Transaction A
6,000
3,000
3,500
3/1
3/6
1
3-28 Transaction C
? 3/22
Transaction B
Ending balance
10,500
3.
Cash

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