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Consider the following T-account for cash. Cash 11,500 2,900 2,000 6,700 1,150 4,000 1. Compute the balance of the cash account. Cash account 2. From
Consider the following T-account for cash. Cash 11,500 2,900 2,000 6,700 1,150 4,000 1. Compute the balance of the cash account. Cash account 2. From the following cash transactions, check all that would have resulted in the $2,900 posting to the account. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically cha graded as incorrect.) Receiving cash from customers Issuing stock Borrowing money Selling assets Repayment of debt Paying cash for rent 3. From the following cash transactions, check all that would have resulted in the $1,150 posting to the account. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Paying cash for supplies
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