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 2-7 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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