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4. Consider the following transactions for Mittel Corporation: a. Sell common stock for $10,000. b. Purchase equipment for $11,500 cash. c. Pay employee salaries of
4. Consider the following transactions for Mittel Corporation: a. Sell common stock for $10,000. b. Purchase equipment for $11,500 cash. c. Pay employee salaries of $3,700. d. Provides services to customers for $6,200 cash. i) Post these transactions to the Cash T-account. Assume the balance of Cash before these transactions is $4,200. ii) Calculate the ending balance of the Cash account.
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