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Consider the following transactions. 1. Receive cash from customers, $15,900. 2. Pay cash for employee salaries, $9,900. 3. Pay cash for rent, $3,900. 4. Receive
Consider the following transactions. 1. Receive cash from customers, $15,900. 2. Pay cash for employee salaries, $9,900. 3. Pay cash for rent, $3,900. 4. Receive cash from sale of equipment, $8,900. 5. Pay cash for utilities, $1,900. 6. Receive cash from a bank loan, $4,900. 7. Pay cash for advertising, $7,900. 8. Purchase supplies on account, $3,900. Required: Post transactions to the Cash T-account and calculate the ending balance Cash Beg. bal. 14,900 (1) End, bal. (2) (3) (4)
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