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Consider the following transactions. 1. Receive cash from customers, $16,700. 2. Pay cash for employee salaries, $10,700. 3. Pay cash for rent, $4,700. 4.
Consider the following transactions. 1. Receive cash from customers, $16,700. 2. Pay cash for employee salaries, $10,700. 3. Pay cash for rent, $4,700. 4. Receive cash from sale of equipment, $9,700. 5. Pay cash for utilities, $2,700. 6. Receive cash from a bank loan, $5,700. 7. Pay cash for advertising, $8,700. 8. Purchase supplies on account, $4,700. Required: Post transactions to the Cash T-account and calculate the ending balance. Cash Beg. bal. 23,700 End. bal.
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