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For each of the following t-accounts, calculate the missing amount and enter it in the space provided Inventory 4/1 Beginning balance 4/15 Transaction B 40,000 4/9 Transaction A 5,000 4/28 Transaction C 8,000 25,000 Ending balance ed Make sure your answer does not include a $ (dollar sign) or (comma). It should be in the format of a basic number, such as 55000For each of the following t-accounts, calculate the missing amount and enter it in the space provided. Taxes Payable 2/1 Beginning balance 2/6 Transaction A 2/22 Transaction B 30,000 25,000 3,500 40,500 2/28 Transaction C Ending balance Make sure your answer does not include a $ (dollar sign) or , (comma). It should be in the format of a basic number; such as 55000

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Answer #1

Invento 4/1 Beginning Balance 4/15 Transaction B ENDING BALANCE 40000 4/9 Transaction A 8000 Goods Sent to WIP/GOODS RETURN 25000 Goods Sent to WIP/GOODS RETURN 5000 4/28 Transaction C 12000 Goods Purchase Tax Payable 2/1 Beginning Balance 2/6 Transaction A 30000 25000 Liability Incurred Tax Paid 2/28 Transaction C 18000 2/22 Transaction B 3500 Liability Incurred 40500 Ending Balance ACCOUNTS RECEIVABLE Goods Sold On Credit Goods Sold On Credit Goods Sold On Credit 8/1 Beginning Balance 8/7Transaction A 8/14 Transaction B 8/29 Transaction E Ending Balance 4800 8/15 Transaction C 1500 8/19 Transaction D 6000 8/30 Transaction F 8700 15600 1200 4200 10100

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