T-Account Formulas Please provide the formulas (Typed out and not in an Excel Sheet) and answers to the following problems. DEBIT SIDE OF T-ACCOUNTS 1) Find Beginning Balance CASH Debit Side 1/1 Beginning Balance UNKNOWN 1/3 Transaction A 2,500 1/15 Transaction B 4,000 1/28 Transaction E 3,400 Ending Balance 9,800 Credit Side 1/16 Transaction C 4,500 1/20 Transaction D 2,200 1/29 Transaction F 3,500 Problem 2) Find Ending Balance INVENTORY Debit Side 4/1 Beginning Balance 40,000 4/15 Transaction B 5,000 Ending Balance UNKNOWN Credit Side 4/9 Transaction A 8,000 4/28 Transaction C 25,000 SELLING EXPENSE Problem 3) Find Credit Amount Debit Side Beginning Balance 0 1/5 Transaction A 1,500 1/13 Transaction B 6,000 1/28 Transaction C 8,700 Ending Balance 14,700 Credit Side 1/9 Transaction D UNKNOWN INTEREST EXPENSE Problem 4) Find Debit Amount Debit Side 8/1 Beginning Balance 800 8/7 Transaction A UNKNOWN8/14 Transaction B 500 Ending Balance 1,800 Credit Side No Transactions CREDIT SIDE OF T-ACCOUNTS Problem 1) Find Debit(s) SERVICE FEE REVENUE Debit Side (2-7) 3/28 UNKNOWN 3/15 2,000 Credit Side 3/1 Beginning Balance 6.000 3/6 Transaction A 3,000 3/22 Transaction B 3,500 Ending Balance 10,500d Problem 2) Find Credit(s) ACCOUNTS PAYABLE Debit Side 6/4 Transaction A 1,500 6/8 Transaction C 2,000 Credit Side 6/1 Beginning Balance 3,000 6/6 Transaction B UNKOWN 6/29 Transaction D 3,400 ***Please Provide Formulas for Finding the Beginning and Ending Balances as well***
T-Account Formulas Please provide the formulas (Typed out and not in an Excel Sheet) and answers to the following problems. DEBIT SIDE OF T-ACCOUNTS 1) Find Beginning Balance CASH Debit Side 1/1 Beginning Balance UNKNOWN 1/3 Transaction A 2,500 1/15 Transaction B 4,000 1/28 Transaction E 3,400 Ending Balance 9,800 Credit Side 1/16 Transaction C 4,500 1/20 Transaction D 2,200 1/29 Transaction F 3,500 Problem 2) Find Ending Balance INVENTORY Debit Side 4/1 Beginning Balance 40,000 4/15 Transaction B 5,000 Ending Balance UNKNOWN Credit Side 4/9 Transaction A 8,000 4/28 Transaction C 25,000 SELLING EXPENSE Problem 3) Find Credit Amount Debit Side Beginning Balance 0 1/5 Transaction A 1,500 1/13 Transaction B 6,000 1/28 Transaction C 8,700 Ending Balance 14,700 Credit Side 1/9 Transaction D UNKNOWN INTEREST EXPENSE Problem 4) Find Debit Amount Debit Side 8/1 Beginning Balance 800 8/7 Transaction A UNKNOWN8/14 Transaction B 500 Ending Balance 1,800 Credit Side No Transactions CREDIT SIDE OF T-ACCOUNTS Problem 1) Find Debit(s) SERVICE FEE REVENUE Debit Side (2-7) 3/28 UNKNOWN 3/15 2,000 Credit Side 3/1 Beginning Balance 6.000 3/6 Transaction A 3,000 3/22 Transaction B 3,500 Ending Balance 10,500d Problem 2) Find Credit(s) ACCOUNTS PAYABLE Debit Side 6/4 Transaction A 1,500 6/8 Transaction C 2,000 Credit Side 6/1 Beginning Balance 3,000 6/6 Transaction B UNKOWN 6/29 Transaction D 3,400 ***Please Provide Formulas for Finding the Beginning and Ending Balances as well***
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
T-Account Formulas
Please provide the formulas (Typed out and not in an Excel Sheet) and answers to the following problems.
DEBIT SIDE OF T-ACCOUNTS
1) Find Beginning Balance
CASH
Debit Side
- 1/1 Beginning Balance UNKNOWN
- 1/3 Transaction A 2,500
- 1/15 Transaction B 4,000
- 1/28 Transaction E 3,400
- Ending Balance 9,800
Credit Side
- 1/16 Transaction C 4,500
- 1/20 Transaction D 2,200
- 1/29 Transaction F 3,500
Problem 2) Find Ending Balance
INVENTORY
Debit Side
- 4/1 Beginning Balance 40,000
- 4/15 Transaction B 5,000
- Ending Balance UNKNOWN
Credit Side
- 4/9 Transaction A 8,000
- 4/28 Transaction C 25,000
SELLING EXPENSE
Problem 3) Find Credit Amount
Debit Side
- Beginning Balance 0
- 1/5 Transaction A 1,500
- 1/13 Transaction B 6,000
- 1/28 Transaction C 8,700
- Ending Balance 14,700
Credit Side
- 1/9 Transaction D UNKNOWN
INTEREST EXPENSE
Problem 4) Find Debit Amount
Debit Side
- 8/1 Beginning Balance 800
- 8/7 Transaction A UNKNOWN
8/14 Transaction B 500 - Ending Balance 1,800
Credit Side
- No Transactions
CREDIT SIDE OF T-ACCOUNTS
Problem 1) Find Debit(s)
SERVICE FEE REVENUE
Debit Side (2-7)
- 3/28 UNKNOWN
- 3/15 2,000
Credit Side
- 3/1 Beginning Balance 6.000
- 3/6 Transaction A 3,000
- 3/22 Transaction B 3,500
- Ending Balance 10,500d
Problem 2) Find Credit(s)
ACCOUNTS PAYABLE
Debit Side
- 6/4 Transaction A 1,500
- 6/8 Transaction C 2,000
Credit Side
- 6/1 Beginning Balance 3,000
- 6/6 Transaction B UNKOWN
- 6/29 Transaction D 3,400
***Please Provide Formulas for Finding the Beginning and Ending Balances as well***
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education