Answered: T-Account Formulas Please provide me…

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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T-Account Formulas

Please provide me the formulas to find the missing amount on the debit side, credit side, beginning balance (DR), beginning balance (CR), ending balance (DR), and ending balance (CR). Please write the formula out and do not place in Excel.

Here is a T-Account that is missing a CR amount. Please answer and explain as clearly and simple as possible

_{Debit Side}

_{6/4 1500}

_{6/8 2000}

_{Credit Side}

_{Beginning Balance 3000}

_{6/6 Missing CR amount}

_{6/29 3400}

_{Ending Balance 6700}

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