Parrish 2-7 T-Accounts Please find the missing amounts in the following transactions. Please show and explain how you calucated the correct amount. Please type and explain and not use Excel, as that does not help me understand. Service Fee Revenue DR Side of T-Account 3/28 Transaction C UNKOWN CR Side of T-Account 3/1 Beginning Balance 6,000 3/6 Transaction A 3,000 3/22 Transaction B 3,500 Ending Balance 10,500 Inventory DR Side of T-Account 4/1 Beginning Balance 40,000 4/15 Transaction B 5,000 Ending Balance UNKOWN CR Side of T-Account 4/9 Transaction A 8,000 4/28 Transaction C 25,000

Parrish 2-7 T-Accounts Please find the missing amounts in the following transactions. Please show and explain how you calucated the correct amount. Please type and explain and not use Excel, as that does not help me understand. Service Fee Revenue DR Side of T-Account 3/28 Transaction C UNKOWN CR Side of T-Account 3/1 Beginning Balance 6,000 3/6 Transaction A 3,000 3/22 Transaction B 3,500 Ending Balance 10,500 Inventory DR Side of T-Account 4/1 Beginning Balance 40,000 4/15 Transaction B 5,000 Ending Balance UNKOWN CR Side of T-Account 4/9 Transaction A 8,000 4/28 Transaction C 25,000

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter2: Analyzing Transactions Into Debit And Credit Parts

Section: Chapter Questions

Problem 1CP

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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

Parrish 2-7 T-Accounts

Please find the missing amounts in the following transactions. Please show and explain how you calucated the correct amount. Please type and explain and not use Excel, as that does not help me understand.

Service Fee Revenue

DR Side of T-Account

3/28 Transaction C UNKOWN

CR Side of T-Account

3/1 Beginning Balance 6,000

3/6 Transaction A 3,000

3/22 Transaction B 3,500

Ending Balance 10,500

Inventory

DR Side of T-Account

4/1 Beginning Balance 40,000

4/15 Transaction B 5,000

Ending Balance UNKOWN

CR Side of T-Account

4/9 Transaction A 8,000

4/28 Transaction C 25,000

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