FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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PARRISH 2-7 (T-ACCOUNTS)
Please show and tell me how to find the missing amounts in this T-Account.  I asked this question before and the individual failed miserably at "answering" my question.  I am asking not only for the answering for the missing amount in this T-Account, BUT how you solve for that missing amount.  I would like it explained clearly and not through simply a shot from an Excel spreadsheet.  I have attached their answer so you can see what I am referring to and how it did not help in anyway. Thank you.


SALARY EXPENSE
Left Side of T-Account
2/1 Beginning Balance $80000
2/15 Transaction B $20000
2/28 Transaction C $6000
ENDING BALANCE ???

Right Side of T-Account
2/10 Transaction B $10000 

ENDING BALANCE???

Salary expense
Beginning balance $ 80,000 2/10
$ 20,000
$ 6,000
2/31
$ 10,000
Transaction B
2/1
2/15 TransactionB
2/28 TransactionC
Ending balance S 96,000
Workings:
Salary expense
2/1 Beginning balance 80000 2/10 Transaction B
10000
2/15 Transaction B
20000
2/28 Transaction C
6000
|2/31 Ending balance =E5+E6+E7-H5
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Transcribed Image Text:Salary expense Beginning balance $ 80,000 2/10 $ 20,000 $ 6,000 2/31 $ 10,000 Transaction B 2/1 2/15 TransactionB 2/28 TransactionC Ending balance S 96,000 Workings: Salary expense 2/1 Beginning balance 80000 2/10 Transaction B 10000 2/15 Transaction B 20000 2/28 Transaction C 6000 |2/31 Ending balance =E5+E6+E7-H5
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