View Full Version : T-accounts and adjusted trial balances
robyn9
Aug 15, 2007, 05:34 PM
I'm having trouble putting amounts in the right places for t-accounts and the adjusted trial balance. Please help.
CaptainForest
Aug 15, 2007, 09:49 PM
Left hand side is for debits, right hand side is for credits.
Assets….to increase it, it's a debit (left side)
Liabilities/Equity…to increase it, it's a credit (right side)
bhet
Aug 16, 2007, 07:17 AM
Imagine how you make your entries in thye journal. Debits are left, and credits are right on T-account.
leamahpatience
Aug 24, 2007, 07:49 AM
I have to prepare a t-accounts for these entry, i did it but it does not balance
Dec 2
Made credit sale of $4000.00
Dec 6
Made cash sale of $2500.00
Dec 10
Paid salries of $500.000
Dec 14
Sold land that originally cost $2,200.00 for $3000.0 cash
Dec 17
Paid $6000.00 for equipment
Dec 21
Billed clients $900.00 for service (accepted accounts recived)
Dec 24
Collected $1200.00 on an account receiviable
Dec 28
Paid an account payable of $700.00
I had problem recording dec 14 entry