T-Accounts: An account is a unique record of increases or decreases in any asset, liability, equity, revenues or expenses. T-accounts are drawn to resemble a T-shape with debit on the left and credit on the right. Assets and expenses have normally debit balances and liability, equity and revenue accounts have normally credit balance. T- accounts can be used to derive at missing values of any account and in account analysis. To calculate: the values of given accounts.

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Chapter D, Problem 6E

To determine

T-Accounts: An account is a unique record of increases or decreases in any asset, liability, equity, revenues or expenses. T-accounts are drawn to resemble a T-shape with debit on the left and credit on the right. Assets and expenses have normally debit balances and liability, equity and revenue accounts have normally credit balance. T- accounts can be used to derive at missing values of any account and in account analysis.

To calculate:

the values of given accounts.

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