Based on the information provided in each scenario, prepare the corresponding Cash T-Account in the columns to the right of each scenario. Your T-Account should be in good form, including proper underlines, and utilize cell referencing and formulas where applicable.

Solution to Scenario 1: Scenario 1 (10 points): Hannah's Hamburgers, Ltd., engaged in the following cash transactions when she started up the business this year. Record each transaction in the Cash T- Account Provided in Columns Hand I of this worksheet. Be sure to label each item in the T-Account with its corresponding number. Cash 1 Received cash from investors $ 30,000 2 Paid cash for hamburger cart 2,000 3 Paid cash for hamburgers, buns, and condiment inve 4,900 4 Paid cash for cart license 1,200 5 Received cash from customers 6,700 6 Paid cash for insurance 3,000 7 Paid cash to accountant 1,000 8 Paid cash for taxes 450 Check Figure for Scenario 1: Ending Cash is $24,150. Scenario 2 (10 points): Solution to Scenario 2: Cash Harry's Hotdogs, Inc., engaged in the following cash transactions during the year. Harry had a cash balance of $45,000 at the beginning of the year. Record each transaction in the Cash T-Account Provided in Columns Hand I of this worksheet. Be sure to label each item in the T-Account with its corresponding number or label. $ 1 Made principal payment on long-term note 2 Received rent from other hotdog franchisees 3 Received cash from customers 4 Got a new loan from the bank 5 Paid employee wages 6 Paid for liability insurance policy 7 Paid all other expenses 8,700 1,340 72,000 10,000 28,000 4,000 22,300