apter 2 Homework ParrishSheets Chapter 2 HomeworkQuiz Questi

apter 2 Homework Parrish-Sheets Chapter 2 Homework-Quiz Question 8 (1 point) For each of the following t-accounts, calculate the missing amount and enter it in the space provided Taxes Payable 2/1 Beginning balance 2/6 Transaction A 2/22 Transaction B 30,000 25,000 3,500 40,500 2/28 Transaction C Ending balance Make sure your answer does not include a \"$\" (dollar sign) or\" \" (comma). It should be in the format of a number; such as \"55000\" Save Question 9 (1 point)

Solution

Calculation of Transaction C :-

= Beginning Balance + Transaction A + Transaction B - Ending Balance

= $30000 + $25000 + $3500 - $40500

= $18000