MOUDLE 2 HOMEWORK-FINDING MISSING T-ACCOUNT AMOUNT Please solve and EXPLAIN how the missing amounts in the following T-Accounts are found. I understand what a T-Account is, I just need to know the method for finding out a missing transaction or balance. Please do not use Excel as that is more difficult for me to understand. Prefer a X=a +b format. 1) FIND MISSING CREDIT AMOUNT LEFT SIDE OF T-ACCOUNT Transaction $6,000 RIGHT SIDE T-ACCOUNT Beginning Balance $6,000 Transaction- Amount Unknown Ending Balance $6,000 2) FIND MISSING DEBIT AMOUNT LEFT SIDE OF T-ACCOUNT Transaction-Amount Unknown RIGHT SIDE OF T-ACCOUNT Beginning Balance $30,000 Transaction $25,000 Transaction $3,500 Ending Balance $40,500 3) FIND MISSING CREDIT AMOUNT LEFT SIDE OF T-ACCOUNT Beginning Balance $0 Transaction $1,500 Transaction $6,000 Transaction $8,700 Ending Balance $14,700 RIGHT SIDE OF T-ACCOUNT Transaction-Amount Unknown
MOUDLE 2 HOMEWORK-FINDING MISSING T-ACCOUNT AMOUNT
Please solve and EXPLAIN how the missing amounts in the following T-Accounts are found. I understand what a T-Account is, I just need to know the method for finding out a missing transaction or balance. Please do not use Excel as that is more difficult for me to understand. Prefer a X=a +b format.
1) FIND MISSING CREDIT AMOUNT
LEFT SIDE OF T-ACCOUNT
Transaction $6,000
RIGHT SIDE T-ACCOUNT
Beginning Balance $6,000
Transaction- Amount Unknown
Ending Balance $6,000
2) FIND MISSING DEBIT AMOUNT
LEFT SIDE OF T-ACCOUNT
Transaction-Amount Unknown
RIGHT SIDE OF T-ACCOUNT
Beginning Balance $30,000
Transaction $25,000
Transaction $3,500
Ending Balance $40,500
3) FIND MISSING CREDIT AMOUNT
LEFT SIDE OF T-ACCOUNT
Beginning Balance $0
Transaction $1,500
Transaction $6,000
Transaction $8,700
Ending Balance $14,700
RIGHT SIDE OF T-ACCOUNT
Transaction-Amount Unknown
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