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Consider the following transactions. 1. Receive cash from customers, $15,400. 2. Pay cash for employee salaries, $9,400. 3. Pay cash for rent, $3,400. 4.
Consider the following transactions. 1. Receive cash from customers, $15,400. 2. Pay cash for employee salaries, $9,400. 3. Pay cash for rent, $3,400. 4. Receive cash from sale of equipment, $8,400. 5. Pay cash for utilities, $1,400. 6. Receive cash from a bank loan, $4,400. 7. Pay cash for advertising, $7,400. 8. Purchase supplies on account, $3,400. Required: Post transactions to the Cash T-account and calculate the ending balance Cash Beg. bal. 9,400 (1) 15,400 9,400 (2) (4) 8,400 3,400 (3) (6) 4,400 1,400 (5) 0 8,100 (7) End. bal.
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