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Consider the following transactions. 1. Receive cash from customers, $15,500. 2. Pay cash for employee salaries, $9,500. 3. Pay cash for rent, $3,500. 4. Receive
Consider the following transactions. 1. Receive cash from customers, $15,500. 2. Pay cash for employee salaries, $9,500. 3. Pay cash for rent, $3,500. 4. Receive cash from sale of equipment, $8,500. 5. Pay cash for utilities, $1,500. 6. Receive cash from a bank loan, $4,500. 7. Pay cash for advertising, $7,500. 8. Purchase supplies on account, $3,500. Required: Post transactions to the Cash T-account and calculate the ending balance. Cash Beg. bal. 10,500 End. bal
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