Please provide the formulas used to find these missing amounts in the T-Accounts. Please do not use an Excel sheet. If you could type out the formula that would make it easier for me to understand. 1) Find Missing CR amount Left Side of T-Account Beginning Balance 4800 Transaction A Transaction B 6000 Transaction E 8700 Right Side of T-Account Transaction C-amount unknown Transaction D 1200 Transaction F 4200 2) Find Beginning Balance on DR Side Debit Side of T-Account Beginning Balance-Unknown Transaction B 5000 Ending Balance 65000 Right Side of T-Account Transaction A 2000 Transaction C 25000 3) Find Missing CR Amount Debit Side of Account Beginning Balance 0 Transaction A 1500 Transaction B 6000 Transaction C 8700 Ending Balance 14700 Credit Side of Account Transaction D-Unknown 4) Find Missing Ending Balance Amount on DR side Left Side of T-Account Beginning Balance 0 Transaction A 1500 Transaction B 2000 Ending Balance-Unknown Rigth Side of T-Account-No Transactions

Please provide the formulas used to find these missing amounts in the T-Accounts. Please do not use an Excel sheet. If you could type out the formula that would make it easier for me to understand. 1) Find Missing CR amount Left Side of T-Account Beginning Balance 4800 Transaction A Transaction B 6000 Transaction E 8700 Right Side of T-Account Transaction C-amount unknown Transaction D 1200 Transaction F 4200 2) Find Beginning Balance on DR Side Debit Side of T-Account Beginning Balance-Unknown Transaction B 5000 Ending Balance 65000 Right Side of T-Account Transaction A 2000 Transaction C 25000 3) Find Missing CR Amount Debit Side of Account Beginning Balance 0 Transaction A 1500 Transaction B 6000 Transaction C 8700 Ending Balance 14700 Credit Side of Account Transaction D-Unknown 4) Find Missing Ending Balance Amount on DR side Left Side of T-Account Beginning Balance 0 Transaction A 1500 Transaction B 2000 Ending Balance-Unknown Rigth Side of T-Account-No Transactions

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 3.4C

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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

Please provide the formulas used to find these missing amounts in the T-Accounts. Please do not use an Excel sheet. If you could type out the formula that would make it easier for me to understand.

1) Find Missing CR amount

Left Side of T-Account

Beginning Balance 4800

Transaction A

Transaction B 6000

Transaction E 8700

Right Side of T-Account

Transaction C-amount unknown

Transaction D 1200

Transaction F 4200

2) Find Beginning Balance on DR Side

Debit Side of T-Account

Beginning Balance-Unknown

Transaction B 5000

Ending Balance 65000

Right Side of T-Account

Transaction A 2000

Transaction C 25000

3) Find Missing CR Amount

Debit Side of Account

Beginning Balance 0

Transaction A 1500

Transaction B 6000

Transaction C 8700

Ending Balance 14700

Credit Side of Account

Transaction D-Unknown

4) Find Missing Ending Balance Amount on DR side

Left Side of T-Account

Beginning Balance 0

Transaction A 1500

Transaction B 2000

Ending Balance-Unknown

Rigth Side of T-Account-No Transactions

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