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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

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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
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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