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Is there any additional information or do you just want to know those items appear in a "T-Account"?
Show me what it would look like if you were doing an assignment problem.
Well, I can draw a T-Account, but let's say you know what that looks like.................debits are on the left of the T and credits are on the right of the T.
first the credit balance of $125,000. is on the right of the T
the 7,000 of withdrawals would go on the left side of the T
and the loss of $130,000 would go on the left side of the T
the 7,000 & 130,000 being debits
Compute the balance as of the end of the year, thanks.
The balance for the year would be a $12,000. debit balance
Thank you Stephen G.
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Is there anyway you can send me a visual of what it would look like on paper?
I need help understanding a company's sales statement.