Using the ending balances shown in the Partial Adjusted Trial Balance listed below, what is the total dollar ($) balance for the accounts that have a normal credit balance? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 Partial Adjusted Trial Balance December 31, 20xx Accounts Normal Balance Cash 10,000 Accounts Receivable 5,000 Inventory Sales Tax Payable 150,000 50,000 Accounts Payable 1,000 Deferred Revenue 10,000 Current Portion Long-term Debt 10,000 Long-term Debt 50,000 Common Stock 25,000 Treasury Stock Retained Earnings 3,000 50,000 Dividends 5,000 Service Revenue 20,000 Cost of Good Sold 5,000 Rent Expense 5.000

Using the ending balances shown in the Partial Adjusted Trial Balance listed below, what is the total dollar ($) balance for the accounts that have a normal credit balance? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 Partial Adjusted Trial Balance December 31, 20xx Accounts Normal Balance Cash 10,000 Accounts Receivable 5,000 Inventory Sales Tax Payable 150,000 50,000 Accounts Payable 1,000 Deferred Revenue 10,000 Current Portion Long-term Debt 10,000 Long-term Debt 50,000 Common Stock 25,000 Treasury Stock Retained Earnings 3,000 50,000 Dividends 5,000 Service Revenue 20,000 Cost of Good Sold 5,000 Rent Expense 5.000

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
Select the best answer for the 12. One of the primary purposes of preparing a trial balance is to OA. rearrange the accounts in alphabetical order OB. determine that the total dollar amount of the deplis equals the total dollar amount of the credits. OC. ensure that the number of accounts with debit balances is equal to the number of accounts with credit balances. OD. prepare the accounts for posting to the ledge Mark for review (Will be highlighted on the review page >
Hi, How do i write these journal entires?
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T-Accounts (All Formulas/Equations) Would you please provide me with the formula/equation used to find the missing amount in a T-Account. Please look at the example below and provide me the answers in that same type of format so that it is easy to understand. Beginning Balance is missing Transaction on debit side is missing Transaction on credit side is missing FINDING BEGINNING BALANCE EXAMPLEBeginning balance = Ending balance + right side of T-Account - Left side of T-AccountBeginning balance = $9,800 + ($4,500 +$2,200 +$3,500) - ($2,500 +$4,000 +$3,400)Beginning balance = $9,800 + $10,200 - $9,900Begining balance = $10,100
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To calculate the withdrawal amount from an account in which you want to decrease the balance, you use the __________________ formula
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