Question
Asked Nov 23, 2019
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Parrish Pg. 38 2-9 #1 Asked 11/23/19

Please solve following t-accounts and calculate the missing amount.  Additionally CLEARLY explain how you arrived at the CORRECT answer.  Thank you.

Left side of T-Account (This is a Cash account)

5/1 Beginning Balance UNKOWN

5/18 Transaction B $5000

Right side of T-Account

5/16 Transaction A $2000

5/19 Transaction C $25000

Ending Balance $65000 (This is on left side of T-Account)

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Expert Answer

Step 1

T-accounts are presented in t-shape with debit  on the left and credit on the right side....

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