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

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

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter3: Journalizing Transactions

Section: Chapter Questions

Problem 3AP

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Parrish 2-9 Pg. 39 #4For the following T-Account calcuate the missing amount and show how you fingured out the missing amount. Sales Returns Left side of T-Account 1) 7/1 Beginning Balance $0 2) 7/9 Transaction A $1500 3) 7/18 Transaction 2000 4) 7/31 Ending balance $UNKNOWN
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
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 2-8 Pg 37 For each of the T-accounts find the missing amount and write it in the space in the T-Account . Assume that the beginning and ending balances are on the normal side of the account, that is, the side on which the balance increases. Inventory Left Side of T-Account4/1 Beginning balance $400004/15 Transaction (B) $500 Right Side of T-Account4/9 Trasnsaction (A) $80004/28 Transaction (C) $2500 Ending balance?
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
Help me answer the 3 question 18. Which of the following situations will cause total debit balance to be greater than the total credit balance? Select one: a. The amount extracted from a creditor’s account is posted to the wrong side of the trial balance. b. Sales of goods are recorded as purchases of goods in the ledger accounts. c. The amount extracted from the account of a debtor, Mr. Lee is posted as P1,000 instead of P1,100 in the trial balance. d. The purchase of fixture is recorded in the furniture account. 19. Which of the following statements regarding a trial balance is incorrect? Select one: a. A trial balance proves that no errors of any kind have been made in the account during the accounting period. b. A trial balance is a list of all of the open accounts in the ledger with their balances as of a given date. c. A trial balance helps to localize errors within an identifiable time period. d. A trial balance is a test of the equality of the debit…
Parrish 2-9 Pg. 39 #3For the following T-Account calcuate the missing amount and show how you fingured out the missing amount. Selling Expense Left side of T-Account 1) 1/1 Beginning balance $0 2) 1/5 Transaction A $1500 3) 1/13 Transaction B $6000 4) 1/28 Transaction C $8700 Right side of T-Account 1) 1/9 Transaction D $UNKNOWN
Parrish 2-7 $4 T-Account Formula for the missing CR amount. Please explain and solve the following. Please type formula in this format if possible. CR Amount = A + B -C ACCOUNTS PAYABLE On the DR side of T-Account 6/4 Transation A $1500 6/8 Transaction C $2000 On the CR side of T-Account 6/1 Beginning Balance $3000 6/6 Transaction B-UNKNOWN 6/29 Transaction D $3400 Ending Balance is $6700
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 2-9 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
Solutions must be in good accounting form pls thank you! Note: Avoiding rounding off during computations. If final answers are not whole numbers, round them off to two decimal places (e.g., 100,450.55).BC Corp. reported a P500,000 account receivable balance at the beginning of the calendar year. For the year, it reported net credit sales of P4,000,000 and collections from customers of P4,050,000. An analysis of the sales showed that a sale amounting to P40,000 was shipped to the buyer on Dec. 31 under FOB destination term while a sale amounting to P50,000 was shipped to the buyer on Jan. 1 under FOB shipping point term. Included in the collections was an over-payment by a customer in the amount of P13,000. Not included in the initial sales and collections amounts are the following: (A) Sales made to officers made under customary terms, P200,000 of which were collected – P700,000 and (B) Claims against common carrier – P 200,000. How much should ABC report as accounts receivables as of…
choose the correct answer If the ending balance of accounts payable is ₱100,000 and the total debits and credits to that account during the period were ₱60,000 and ₱40,000, respectively, the beginning balance must be A. 0 B. 20,000 C. 80,000 D. 120,000' What is the normal balance of the purchase returns account? a. debit b. credit c. zero d. none of these A business sells goods on cash basis. This transaction is most likely recorded in which of the following special journals? a. Sales journal b. Purchases journal c. Cash receipts journal d. Cash disbursement journal