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)

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)

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 67.2C

See similar textbooks

Similar questions

ANALYSIS OF T ACCOUNTS Roberto Alvarez began a business called Robertos Fix-It Shop. 1. Create T accounts for Cash; Supplies; Roberto Alvarez, Capital; and Utilities Expense. Identify the following transactions by letter and place them on the proper side of the T accounts: (a) Invested cash in the business, 6,000. (b) Purchased supplies for cash, 51,200. (c) Paid utility bill, 900. 2. Foot the T account for cash and enter the ending balance.
ANALYSIS OF T ACCOUNTS Richard Gibbs began a business called Richards Shoe Repair. 1. Create T accounts for Cash; Supplies; Richard Gibbs, Capital; and Utilities Expense. Identify the following transactions by letter and place them on the proper side of the T accounts: (a) Invested cash in the business, 6,500. (b) Purchased supplies for cash, 700. (c) Paid utility bill, 2,700. 2. Foot the T account for cash and enter the ending balance.
Effects of transactions on Accounting equation On Time Delivery Service had the following selected transactions during November: 1. Received cash from issuance of common stock, $75,000. 2. Paid rent for November, $5000. 3. Paid advertising expense, $3,000. 4. Received cash for providing delivery services, $34,500. 5. Borrowed $10,000 from Second National Bank to finance its operations. 6. Purchased a delivery van for cash, $25,000. 7. Paid interest on note from Second National Bank, $75. 8. Paid salaries and wages for November, $10,000. 9. Paid dividends, $2,000. Indicate the effect of each transaction on the accounting equation by listing the numbers identifying the transactions, (1) through (9), in a vertical column, and inserting at the right of each number the appropriate letter from he following list: a. Increase in an asset, decrease in another asset. h. Increase in an asset, increase in a liability. c. Increase in an asset, increase in stockholders’ equity. d. Decrease in an asset, decrease in a liability. e. Decrease in an asset, decrease in stockholders equity.
Case 1-74 Comparative Analysis: Under Armour, lnc., versus Columbia Sportswear Refer to the 10-K reports of Under Armour, Inc., and Columbia Sportswear that are available for download from the companion website at CengageBrain.com Required: Answer the following questions: What were the major sources and uses of cash for each company?
Parrish 2-9 Pg. 38 For the following T-Account, calculate the missing amount and please explain how you arrived at the missing amount CASH Left side of account 5/1 Beginning Balance UNKOWN 5/18 Transaction B $5000 Ending balance $6500 Right side of account 1) 5/16 Transaction A $2000 2) 5/19 Transaction C $25000
Parrish 2-8 Pg. 38 Please put the following transactions in a T-Account format and find the missing amount and explain how you arrived at that amount. Accounts Receivable On the left side of the T-Account 1) 8/1 Beginning Balance $4800 2) 8/7 Transaction A $1500 3) 8/14 Transaction B $6000 4) 8/29 Transaction E $8700 On the right side of the T-Account 1) 8/15 Transaction C-Amount unknown 2) 8/19 Transaction D $1200 3) 8/30 Transaction F $4200
Parrish pg 37 T-Accounts Please find the missing amount and show and explain how you solved it. Accounts Payable 6/4 Transaction A 1,500 6/8 Transaction C 2,000 CRs Beginning Balance 3,000 6/6 Transaction B UNKNOWN 6/29 Transaction D 3,400 Ending Balance 6,700
Parrish 2-7 Pg. 36For this T-account calculate to find the missing amounts.Assume the beginning and ending balances are on the normal side of the account. That being the side where the balance increases. Transactions listed as A, B, or C are not specificed 1) 2/1 Beginning balance $80000 Debit2) 2/15 Transaction A $20000 Debit3) 2/28 Transaction C $6000 Debit4) 2/10 Transaction B $10000 CreditNow find the Ending balance ?
PARRISH 2-7 (T-ACCOUNTS) Please solve the missing amount for this T-Account and explain how you go about solving the missing amount Accounts Payable Left Side of T-Account 6/4 Transaction A $1500 6/8 Transaction C $2000 Rigth Side of T-Account 6/1 Beginning Balance $3000 6/6 Transactiono B UNKNOWN 6/29 Transaction D $3400 Ending Balance $6700
Parrish 2-8 Pg. 38 #4Please put the following transactions in a T-Account formatand find the missing amount and explain how you arrived at that amount. Sales Left side of T-Account 1) 7/9 Transaction B $1500 2) 7/18 Transaction C $2000 Right side of T-Account 1) 7/1 Beginning balance $2000 2) 7/6 Transaction A $ UNKNOWN 3) 7/28 Transaction D $3400 Ending balance $28200
Pg 37 T- Accounts Please find the missing amount on the follwoing T-Account. and explain CLEARLY and indepth (showing formula or method) on how you found the amount. Accounts Payable DRs 6/4 Transaction A 1500 6/8 Transaction C 2000 CRs Beginning Balance 3000 6/6 Transaction B UNKOWN 6/29 Transaction D 3,400 Ending Balance 6,700
Parrish 2-8 Pg. 38 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. SALES Debit Side 7/9 Transaction B 1,500 7/18 Transaction C 2,000 Credit Side 7/1 Beginning Balance 20,000 7/6 Transaction A UNKOWN 7/28 3,400 Ending Balance 28,200 CASH Debit Side 5/1 Beginning Balance UNKOWN 5/18 Transaction B 5,000 Ending Balance 65,000 Credit Side 5/16 Transaction A 2,000 5/19 Transaction C 25,000