Consider the following T-account for cash.

Cash
	Debit	Credit
	11,500	6,700
	2,900	1,150
	2,000	4,000

1. Compute the balance of the cash account.

2. Specify which of the following cash transactions 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 graded as incorrect.)

check all that apply 1

• Receiving cash from customers
• Issuing stock
• Borrowing money
• Selling assets
• Repayment of debt
• Paying cash for rent

3. Specify which of the following cash transactions 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.)

check all that apply 2

• Paying cash for supplies
• Paying cash for utilities
• Repayment of debt
• Paying cash for rent
• Paying cash for equipment
• Paying cash for employee salaries
• Payment of dividends
• Selling assets