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Consider the following T-account for cash. Cash Credit Debit 12,000 7,200 3,400 1,400 2,500 4,500 Cash Account: $4800 Specify which of the following cash transactions
Consider the following T-account for cash. Cash Credit Debit 12,000 7,200 3,400 1,400 2,500 4,500 Cash Account: $4800 Specify which of the following cash transactions could have resulted in the $3,400 posting to the account. (Select all that apply.) __Receiving cash from customers __Paying cash for rent __Repayment of debt __Issuing stock __Borrowing money __Selling assets Specify which of the following cash transactions could have resulted in the $1,400 posting to the account. (Select all that apply.) __Selling assets __Paying cash for supplies __Receiving cash from customers __Paying cash for utilities __Repayment of debt __Paying cash for rent __Paying cash for equipment __Paying cash for workers' salaries __Payment of dividends
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