Question: Mini - Exercise 4 - 6 ( Algo ) Transaction analysis using T - accounts LO 4 - 6 , 4 - 7 Solve for

Mini-Exercise 4-6(Algo) Transaction analysis using T-accounts LO 4-6,4-7
Solve for the missing amounts in the T-account 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 $1,600 at the beginning of the month and $2,400 at the end of the month. The cost of supplies purchased during the month was $4,700. Calculate the cost of supplies used during the month.
b. Wages Payable had a balance of $6,600 at the end of the month. During the month, $36,000 of wages were paid to employees. Wages expense accrued during the month totaled $37,500. Calculate Wages Payable at the beginning of the month.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Wages Payable had a balance of $6,600 at the end of the month. During the month, $36,000 of wages were paid to employees. Wages expense accrued during the month totaled $37,500. Calculate Wages Payable at the beginning of the month.
\table[[Wages Payable,,],[Debit,Credit],[,,Beginning balance,36,000],[Wages paid,,Wages accrued,37,500],[,,Ending balance,6,600]]
Mini - Exercise 4 - 6 ( Algo ) Transaction

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