Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   T-accounts and adjusted trial balances (https://www.askmehelpdesk.com/showthread.php?t=119899)

  • Aug 15, 2007, 05:34 PM
    robyn9
    t-accounts and adjusted trial balances
    I'm having trouble putting amounts in the right places for t-accounts and the adjusted trial balance. Please help.
  • Aug 15, 2007, 09:49 PM
    CaptainForest
    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)
  • Aug 16, 2007, 07:17 AM
    bhet
    Imagine how you make your entries in thye journal. Debits are left, and credits are right on T-account.
  • Aug 24, 2007, 07:49 AM
    leamahpatience
    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

  • All times are GMT -7. The time now is 08:27 AM.