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    robyn9's Avatar
    robyn9 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Aug 15, 2007, 05:34 PM
    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.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #2

    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's Avatar
    bhet Posts: 77, Reputation: 9
    Junior Member
    		  
    #3

    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's Avatar
    leamahpatience Posts: 1, Reputation: 1
    New Member
    		  
    #4

    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
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