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Consider the following transactions. 1. Receive cash from customers, $15,600. 2. Pay cash for employee salaries, $9,600. 3. Pay cash for rent, $3,600. 4. Receive
Consider the following transactions. 1. Receive cash from customers, $15,600. 2. Pay cash for employee salaries, $9,600. 3. Pay cash for rent, $3,600. 4. Receive cash from sale of equipment, $8,60o 5. Pay cash for utilities, $1,600. 6. Receive cash from a bank loan, $4,600. 7. Pay cash for advertising, $7,600. 8. Purchase supplies on account, $3,600. Required: Post transactions to the Cash T-account and calculate the ending balance. Cash Beg. bal. 11,600 (1) 9,600 15,600 8,600 4,600 3,600 1,600 7,600 End. bal. 22,400
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