Question: Mini - Exercise 4 - 6 ( Algo ) Transaction analysis using T - accounts LO 4 - 6 , 4 - 7 Solve for
MiniExercise Algo Transaction analysis using Taccounts LO
Solve for the missing amounts in the Taccount given below. Assume that there is only one debit entry and one credit entry in the account during the month.
Required:
a The Supplies account had a balance of $ at the beginning of the month and $ at the end of the month. The cost of supplies purchased during the month was $ Calculate the cost of supplies used during the month.
b Wages Payable had a balance of $ at the end of the month. During the month, $ of wages were paid to employees. Wages expense accrued during the month totaled $ Calculate Wages Payable at the beginning of the month.
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Required B
Wages Payable had a balance of $ at the end of the month. During the month, $ of wages were paid to employees. Wages expense accrued during the month totaled $ Calculate Wages Payable at the beginning of the month.
tableWages Payable,,DebitCreditBeginning balance,Wages paid,,Wages accrued,Ending balance,
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