The T Account 1. From the following, foot and balance each account. 6/24 6/28 Cash 110 9,000 500 12,000 6/26 C. Rice, Capital 311 11,000 6/1 6,000 6/8 1,000 6/22

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Concept Checks
The T Account
1. From the following, foot and balance each account.
6/24
6/28
Cash 110
9,000 500
12,000
Transaction Analysis
2. Complete the following:
Account
A. Salaries Payable
B. Taxable Fees Earned
C. Accounts Receivable
D. Sam Slater, Capital
E. Sam Slater, Withdrawals
F. Prepaid Advertising
G. Rent Expense
6/26
Category
↑
C. Rice, Capital 311
11,000
6/1
6,000
6/8
1,000
6/22
↓
Normal Balance
I
Transcribed Image Text:Concept Checks The T Account 1. From the following, foot and balance each account. 6/24 6/28 Cash 110 9,000 500 12,000 Transaction Analysis 2. Complete the following: Account A. Salaries Payable B. Taxable Fees Earned C. Accounts Receivable D. Sam Slater, Capital E. Sam Slater, Withdrawals F. Prepaid Advertising G. Rent Expense 6/26 Category ↑ C. Rice, Capital 311 11,000 6/1 6,000 6/8 1,000 6/22 ↓ Normal Balance I
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