Mini-Exercise 4-6 (Algo) Transaction analysis using T-accounts LO 4-6, 4-7
Solve for the missing amounts in the T-account given below. Assume that there is only one debit entry and one credit entry in the
account during the month.
Required:
a. The Supplies account had a balance of $1,600 at the beginning of the month and $2,400 at the end of the month. The cost of
supplies purchased during the month was $4,700. Calculate the cost of supplies used during the month.
b. Wages Payable had a balance of $6,600 at the end of the month. During the month, $36,000 of wages were paid to employees.
Wages expense accrued during the month totaled $37,500. Calculate Wages Payable at the beginning of the month.
Complete this question by entering your answers in the tabs below.
Required A Required B
Wages Payable had a balance of $6,600 at the end of the month. During the month, $36,000 of wages were paid to
employees. Wages expense accrued during the month totaled $37,500. Calculate Wages Payable at the beginning of the
month.
Wages Payable
Debit
Credit
Beginning balance
36,000
Wages accrued
Ending balance
37,500
6,600
Wages paid
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Required B >
A
