
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Pg. 39 2-9 #4 (Second Time Asking)
Please calculate the missing amount from this t-account. Please explain clearly and show the formula you used. (Also is the same formula used to find ANY missing amount on a T-Account?) Thx!
Left Side of T-Account (This is a Sales Return)
7/1 Beginning Balance 0
7/9 Transaction A $1500
7/18 Transaction B $2000
7/31 UNKOWN
There are no transactions on the right side of the t-account
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