2. Ch. 3Balancing the Accounts 3 Cases of Balancing the Accounts 3 Cases of Balancing the Accounts 3 Cases of Balancing the Accounts 3 Cases of Balancing the Accounts

3. Case 1 Debit Total = Credit Total 3 Cases of Balancing the Accounts Morris 2003 $ Jan 1 Sales 3,000 2003 $ Jan 13 Cash 3,000 10,000 10,000 17 Sales 7,000 17 Sales 7,000 29 Cash 7,000 29 Cash 7,000

4. Case 2 Debit Balance Antonia 2003 $ Nov 5 Sales 4,500 2003 $ Nov 16 Cash 3,500 7,620 7,620 30 Bal c/d Dec 1 Bal b/d 4,120 21 Sales 3,120 21 Sales 3,120 4,120 4,120

5. Case 3 Credit Balance Celia 2003 $ Oct 4 Returns 623 outwards outwards 2003 $ Oct 1 Purchases 13,500 26,000 26,000 31 Bal c/d Nov 1 Bal b/d 24,377 8 Bank 1,000 8 Bank 1,000 6 Purchases 12,500 6 Purchases 12,500 24,377