A T-account shows total debits of $26,000 and total credits of $20,000; therefore, it has a $6,000 debit balance.
True / False?
3. Retained Earnings 5. Solving for Missing Amounts| Click Here to View All Chapter 2 Problems at Once | View | ||
| 1 | Current Assets | Easy | |
| 2 | Effect on the Current Ratio | Easy | |
| 3 | Retained Earnings | Easy | |
| 4 |
T/F: T-Account Logic
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Easy | |
| 5 | Solving for Missing Amounts | Moderate | |
| 6 | The Effect of Journal Entries | Moderate | |
| 7 | Account Classifications | Hard |
| 1 | Current Assets | 9:57 | |
| 2 | Non-Current Assets | 10:25 | |
| 3 | Current Liabilities | 6:24 | |
| 4 | Non-Current Liabilites | 2:00 | |
| 5 | Contributed Capital | 5:10 | |
| 6 | The Classified Balance Sheet | 4:48 | |
| 7 | Retained Earnings vs Shareholder's Equity | 6:41 | |
| 8 | Ratios: Current Ratio | 4:00 | |
| 9 | T-Accounts | 3:15 | |
| 10 | Debits and Credits | 6:49 |