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Consider the following transactions. 1. Receive cash from customers, $16,500. 2. Pay cash for employee salaries, $10,500. 3. Pay cash for rent, $4,500. 4. Receive
Consider the following transactions.
1. Receive cash from customers, $16,500. 2. Pay cash for employee salaries, $10,500. 3. Pay cash for rent, $4,500. 4. Receive cash from sale of equipment, $9,500. 5. Pay cash for utilities, $2,500. 6. Receive cash from a bank loan, $5,500. 7. Pay cash for advertising, $8,500. 8. Purchase supplies on account, $4,500.
Required: Post transactions to the Cash T-account and calculate the ending balance
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