I have two parts to this problem. This is dealing with a T-Account for "Expense" I need to know how do I tell which is the "normal" side where the balance increases, and if this can change sides based on Thesetransactions.These are on the left side of T-Account2/1/19 Beginning Balance $80,0002/15/19 Transaction A $20,0002/28/19 Transaction C $6,000On the Right side2/10/19 Transaction C $10,00Ending Balance???
I have two parts to this problem. This is dealing with a T-Account for "Expense" I need to know how do I tell which is the "normal" side where the balance increases, and if this can change sides based on Thesetransactions.These are on the left side of T-Account2/1/19 Beginning Balance $80,0002/15/19 Transaction A $20,0002/28/19 Transaction C $6,000On the Right side2/10/19 Transaction C $10,00Ending Balance???
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I have two parts to this problem. This is dealing with a T-Account for "Expense" I need to know how do I tell which is the "normal" side where the balance increases, and if this can change sides based on Thesetransactions.
These are on the left side of T-Account
2/1/19 Beginning Balance $80,000
2/15/19 Transaction A $20,000
2/28/19 Transaction C $6,000
On the Right side
2/10/19 Transaction C $10,00
Ending Balance???
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