Services were provided to customers for cash in the amount of $15,230.Supplies were purchased and used. This purchase occurred on account, in the amount of $2,400.
Services were provided to customers for cash in the amount of $15,230.Supplies were purchased and used. This
purchase occurred on account, in the amount of $2,400.Collections of outstanding receivables occurred in the amount of $19,410.Utilities costs in the amount of $763 were incurred and paid in cash.Payments on outstanding accounts payable were made for $23,900.Services were provided to customers on account in the amount of $48,654.
At the beginning of the period, accounts receivable totaled $54,300, while accounts payable totaled $31,275. The company started the period with $85,000 in cash.
Services were provided to customers for cash in the amount of $15,230.
Supplies were purchased and used.
This purchase occurred on account, in the amount of $2,400.
Collections of outstanding receivables occurred in the amount of $19,410.
Utilities costs in the amount of $763 were incurred and paid in cash.
Payments on outstanding accounts payable were made for $23,900.
Services were provided to customers on account in the amount of $48,654.
*The T-accounts reveal that ending Accounts Receivable amount to $ , and ending Accounts Payable amount to $ .
My question is how do I make a t-account chart to find the answer to the question above.
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