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T-Accounts I need to know how to solve T-Account Equations. I am providing some examples. If you could give me the answer to the missing amount and also tell me how you arrived at that amount it will help solve future equations.Example 1This is a Cash Account-DebitI need the beginning balance.The Debits are 2,500 4,000 3,400The Credits are 4,500 2,200 3,500The ending Debit Balance is 9,800Example 2 Liability AP-CreditI need an unknown amount for the credit side.The Beginning Credit Balance is 3,000There is one known credit for 3,400The debits are 1,5002,000And the Ending Credit Balance is 6,700Example 3 Inventory (Asset)-DRI need the ending balanceBeginning Balance is 40,000Debits are 5,000Credits are 8,000 and 25,000What is the Ending Balance?Example 4 Taxes Payable Liability (CR)I need an unknown Debit amount.Beginning Balance is 30,000The credits are 25,000 and 3,500The Ending Balance is 40,500

Question

T-Accounts I need to know how to solve T-Account Equations. I am providing some examples. If you could give me the answer to the missing amount and also tell me how you arrived at that amount it will help solve future equations.

Example 1
This is a Cash Account-Debit
I need the beginning balance.
The Debits are 2,500 4,000 3,400
The Credits are 4,500 2,200 3,500
The ending Debit Balance is 9,800

Example 2 Liability AP-Credit
I need an unknown amount for the credit side.

The Beginning Credit Balance is 3,000

There is one known credit for 3,400

The debits are 1,500

2,000

And the Ending Credit Balance is 6,700

Example 3 Inventory (Asset)-DR

I need the ending balance

Beginning Balance is 40,000

Debits are 5,000

Credits are 8,000 and 25,000

What is the Ending Balance?

Example 4 Taxes Payable Liability (CR)

I need an unknown Debit amount.

Beginning Balance is 30,000

The credits are 25,000 and 3,500

The Ending Balance is 40,500

check_circleAnswer
Step 1

Part-1. Begining balance f cash account is missing. The cash account is having a debit balance always. The formula for Cash account is as under:

Ending balance of Cash Account = Begining Balance of cash account + All debits - All credits

Here,

Ending Balance of cash = 9800

All debits total = 2500+4000+3400= 9900

All Credits total =4500+2200+3500= 10200

Therefore, as per above formula equation:

Begining Balance of cash account = Ending balance + All credits -All debits = 9800+10200-9900 = 10100

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Business

Accounting

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