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16) Consider the following transactions for Carrington Corporation: a. Issue common stock for $10,000. b. Purchase equipment for $11,500 cash. c. Pay employees' salaries of
16) Consider the following transactions for Carrington Corporation: a. Issue common stock for $10,000. b. Purchase equipment for $11,500 cash. c. Pay employees' salaries of $3,700. d. Provide services to customers for $6,200 cash. 1.Post these transactions to the Cash T-account. Assume the balance of Cash before these transactions is $4,200. 2. Calculate the ending balance of the Cash account
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