Acc balances transactions | Accounting homework help

T account
 
#1           Consider the following account starting balances and transactions involving these accounts.Use T-accounts to record the starting balances and the offsetting entries for the transactions.
The starting balance of Accounts Receivable is $3,400The starting balance of Cash is $9,000The starting balance of Inventory is $5,100
1. Receive payment of $10 owed by a customer2. Buy $16 worth of manufacturing supplies for cash3. Sell product for $40 with historical cost of $40
What is the final amount in Cash?
 
#2           Consider the following account starting balances and transactions involving these accounts.Use T-accounts to record the starting balances and the offsetting entries for the transactions.
The starting balance of Accounts Payable is $1,900The starting balance of Cash is $9,100The starting balance of Debt is $2,400The starting balance of Inventory is $4,800
1. Buy $18 worth of manufacturing supplies on credit2. Borrow $53 from a bank3. Pay $8 owed to a supplier
What is the final amount in Debt?
 
#3           Consider the following account starting balances and transactions involving these accounts.Use T-accounts to record the starting balances and the offsetting entries for the transactions.
The starting balance of Cash is $8,400The starting balance of Inventory is $4,200The starting balance of Retained Earnings is $23,500
1. Pay expense of $22.Sell product for $40 with historical cost of $323. Sell service for $25

"Is this question part of your assignment? We Can Help!"

Essay Writing Service