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3 years ago

Posting to T-Accounts Post the amounts for the following transactions (a) through (f) to the appropriate T-accounts.

Business

1 answer:

MAXImum [283]3 years ago

4 0

Answer:

T-accounts

Cash Account

Account Titles Debit Credit

a. Inventory $9,000

d. Salaries Expense 4,000

e. Rent Expense 7,000

f. Sales Revenue $7,500

Inventory

Account Titles Debit Credit

a. Cash $9,000

b. Cost of goods sold $4,500

Cost of Goods Sold

Account Titles Debit Credit

b. Inventory $4,500

Accounts Receivable

Account Titles Debit Credit

b. Sales revenue $7,500

f. Cash $7,500

Sales Revenue

Account Titles Debit Credit

b. Accounts receivable $7,500

Salaries Expense

Account Titles Debit Credit

d. Cash $4,000

Rent Expense

Account Titles Debit Credit

e. Cash $7,000

Explanation:

a) Data and Analysis:

a. Inventory $9,000 Cash $9,000

b. Cost of goods sold $4,500 Inventory $4,500

b. Accounts receivable $7,500 Sales revenue $7,500

c. No effect.

d. Salaries Expense $4,000 Cash $4,000

e. Rent Expense $7,000 Cash $7,000

f. Cash $7,500 Accounts receivable $7,500

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3 years ago

Why does a price floor lead to surpluses? Why does a price ceiling lead to shortages?

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Answer:

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Your pretty much short in supply and cant fulfill the demand

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Answer:

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