Question

Mysu My Print Center b Bilthighway Mind Top Communie Writing Plagartom Checker Mastering Geoler 2 - Homework Saved Supplies 11,200 2,300 Accounts Receivable 1,200 Beg.Bal. 5,000 Beg.Bal. 270 270 270 220 End.Bal. End.Bal. Wages Payable 820 Beg Bal Beg.Bal. Cash 14,600 920 220 5,700 7,200 820 2,500 End.Bal. End.Bal. < Prev 1 of 8 Next >

Answer 1

These are T-accounts and the debt to the account would be recorded in the first 2nd column and credit to the account in the 3rd Column.

The last row would be the balance from the column 2 and 3 ,that is debit -credit , if the balance is debit then it would go in 2 column of the last row, if it is credit balance would go to the 3rd column of the Ending balance row

Here is the calculation for each account

Supplies :

Total of the Debit column -total of the Credit column

=(11,200+2,300)-5000

=8500

Supplies
Beg,Bal	11200	5000
	2300
End,Bal	8500

This means that total of 8500 Supplies remaining in the account

Accounts receivables :

Total of the Debit column -total of the Credit column

=1200-(270-270-270-220)

=170

Accounts Receivables
Beg,Bal	1200	270
		270
		270
		220
End,Bal	170

This means we have 170 accounts receivables still on books

Wages Payable:

Total of the Debit column -total of the Credit column

=820-820

=0

Wages Payable
Beg,Bal	820	820
End,Bal	0

This means we have zero balance in the Wages Payable account

Cash:

Total of the Debit column -total of the Credit column

=(14,600+920+220)-(5700+7200+2500)

=340

Cash
Beg,Bal	14600	5700
	920	7200
	220	2500
End,Bal	340

It means that 340 of cash is available