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CH 2 Ex 11 Solution

The document shows examples of accounting equations to solve for unknown balances (X) in accounts payable, accounts receivable, and cash accounts using beginning balances, changes, and ending balances over a period of time.

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Wepa Akiyew
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27 views1 page

CH 2 Ex 11 Solution

The document shows examples of accounting equations to solve for unknown balances (X) in accounts payable, accounts receivable, and cash accounts using beginning balances, changes, and ending balances over a period of time.

Uploaded by

Wepa Akiyew
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Ex.

2-11
a. Accounts Payable
Feb. 1 X
186,500 201,400
Feb. 28 59,900

X + $201,400 – $186,500 =
$59,900
X = $59,900 + $186,500 –
$201,400
X = $45,000

b. Accounts Receivable
Oct. 1 115,800 449,600
X
Oct. 31 130,770

$115,800 + X – $449,600 = $130,770


X = $130,770 + $449,600 – $115,800
X = $464,570

c. Cash
Apr. 1 46,220 X
248,660
Apr. 30 56,770

$46,220 + $248,600 – X =
$56,770
X = $46,220 + $248,600 –
$56,770
X = $238,050

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