calculate the account balance for each of the t - accounts. (if an input field is not used in the t…

calculate the account balance for each of the t - accounts. (if an input field is not used in the t - accounts, leave the input field empty; do not enter a zero.) accounts receivable cash accounts payable t - accounts accounts receivable cash accounts payable 4,500 3,900 75,000 4,400 2,700 6,200 7,200 2,900 16,400 12,300 1,150 5,900 880 4,100

calculate the account balance for each of the t - accounts. (if an input field is not used in the t - accounts, leave the input field empty; do not enter a zero.) accounts receivable cash accounts payable t - accounts accounts receivable cash accounts payable 4,500 3,900 75,000 4,400 2,700 6,200 7,200 2,900 16,400 12,300 1,150 5,900 880 4,100

Answer

Explanation:

Step1: Calculate Accounts Receivable balance

Add debit amounts and subtract credit amounts. Debit amounts: $4500 + 7200+5900=17600$, Credit amounts: $3900 + 2900+880 + 4100=11780$. Balance is $17600 - 11780=5820$.

Step2: Calculate Cash balance

Add debit amounts and subtract credit amounts. Debit amounts: $75000+16400 = 91400$, Credit amounts: $4400+12300 = 16700$. Balance is $91400-16700 = 74700$.

Step3: Calculate Accounts Payable balance

Add credit amounts and subtract debit amounts. Credit amounts: $6200 + 1150=7350$, Debit amount: $2700$. Balance is $7350 - 2700=4650$.

Answer:

Accounts Receivable balance: $5820$ Cash balance: $74700$ Accounts Payable balance: $4650$