apter 2 Homework Parrish-Sheets Chapter 2 H rk Quiz Attempt 1 Question 5 (1 poin

Question

apter 2 Homework Parrish-Sheets Chapter 2 H rk Quiz Attempt 1 Question 5 (1 point) For each of the following f-accounts, calculate the missing amount and enter it in the space provided. Assume that the beginning and ending balances are on the normal side of the account, that is, the side on which the balance increases Cash 1/1 Beginning balance 1/3 Transaction A 1/15 Transaction B 1/28 Transaction E 4,500 2,200 3,500 1/16 Transaction C 2,500 1/20 Transaction D 4,000 1/29 Transaction F 3,400 9,800 Ending balance Make sure your answer does not include a "S" (dollar sign) or " (comma) It should be in the format of a basic number, such as "55000" Save Question 6 (1 point)

Explanation / Answer

Solution: $10,100

Working:

(Beginning balance + Transaction A + Transaction B + Transaction F) - (Transaction C + Transaction D + Transaction F ) = $9,800

(Beginning balance + 2,500 + 4,000 + 3,400) - (4,500 + 2,200 + 3,500) = $9,800

(Beginning balance + $9,900) - 10,200 = $9,800

Beginning balance= $9,800 + $10,200 - $9,900

Beginning balance= $10,100

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