Salary expense Beginning balance $ 80,000 2/10 $ 20,000 $ 6,000 2/31 $ 10,000 Transaction B 2/1 2/15 TransactionB 2/28 TransactionC Ending balance S 96,000 Workings: Salary expense 2/1 Beginning balance 80000 2/10 Transaction B 10000 2/15 Transaction B 20000 2/28 Transaction C 6000 |2/31 Ending balance =E5+E6+E7-H5
PARRISH 2-7 (T-ACCOUNTS)
Please show and tell me how to find the missing amounts in this T-Account. I asked this question before and the individual failed miserably at "answering" my question. I am asking not only for the answering for the missing amount in this T-Account, BUT how you solve for that missing amount. I would like it explained clearly and not through simply a shot from an Excel spreadsheet. I have attached their answer so you can see what I am referring to and how it did not help in anyway. Thank you.
SALARY EXPENSE
Left Side of T-Account
2/1 Beginning Balance $80000
2/15 Transaction B $20000
2/28 Transaction C $6000
ENDING BALANCE ???
Right Side of T-Account
2/10 Transaction B $10000
ENDING BALANCE???
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