Question

a) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Land
4/1	Beginning balance	40,000	4/6	Transaction A	8,000
4/12	Transaction B	5,000	4/18	Transaction C	25,000
4/20	Transaction D	?
	Ending balance	118,000

b) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Accounts Payable
			2/1	Beginning balance	20,000
2/16	Transaction C	5,100	2/6	Transaction A	4,000
2/28	Transaction D	?	2/26	Transaction B	3,500
				Ending balance	3,300

c) Question 17 options:

For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Interest Expense
8/1	Beginning balance	800
8/7	Transaction A	500
8/14	Transaction B	?
	Ending balance	1,800

d) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Prepaid Rent
7/1	Beginning balance	10,000	7/6	Transaction A	1,000
7/9	Transaction B	?
	Ending balance	11,000

e) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Accrued Liabilities
3/10	Transaction A	6,000	3/1	Beginning balance	6,000
			3/31	Transaction B	?
				Ending balance	5,000

Answer 1

Answer:-

a) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Land
4/1	Beginning balance	40,000	4/6	Transaction A	8,000
4/12	Transaction B	5,000	4/18	Transaction C	25,000
4/20	Transaction D	106,000
	Ending balance	118,000

Transaction D= Ending balance(118,000)- Beginning balance(40,000)- Transaction B(5,000)+ Transaction A(8,000)+ Transaction C(25,000)

Transaction D=106,000

b) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Accounts Payable
			2/1	Beginning balance	20,000
2/16	Transaction C	5,100	2/6	Transaction A	4,000
2/28	Transaction D	19,100	2/26	Transaction B	3,500
				Ending balance	3,300

Transaction D= Ending balance(3300)- Beginning balance(20,000)- Transaction A(4000)- Transaction B(3500)+ Transaction C(5100)

Transaction D=19,100

c) Question 17 options:

For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Interest Expense
8/1	Beginning balance	800
8/7	Transaction A	500
8/14	Transaction B	500
	Ending balance	1,800

Transaction B= Ending balance (1800)- Transaction A(500)- Beginning balance(800)

Transaction B=500

d) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Prepaid Rent
7/1	Beginning balance	10,000	7/6	Transaction A	1,000
7/9	Transaction B	2,000
	Ending balance	11,000

Transaction B= Ending balance (11,000)- Beginning balance (10,000) + Transaction A(1,000)

Transaction B= 2,000

e) For each of the following t-accounts, calculate the missing amount and enter it in the space provided.

Accrued Liabilities
3/10	Transaction A	6,000	3/1	Ending balance	6,000
			3/31	Transaction B	5,000
				Ending balance	5,000

Transaction B= Ending balance (5,000) - Ending balance(6,000)+ Transaction A(6,000)

Transaction B= 5,000