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Consider the following transactions for Mittel Corporation: a. Issue common stock for $17,000. b. Purchase equipment for $11,200 cash. c. Pay employees' salaries of $3,000.
Consider the following transactions for Mittel Corporation: a. Issue common stock for $17,000. b. Purchase equipment for $11,200 cash. c. Pay employees' salaries of $3,000. d. Provide services to customers for $6,500 cash. 1. Post these transactions to the cash T-account. Assume the balance of cash before these transactions is $5,000. Cash Beg. Bal. 5,000 a. d. 17,000 11,200 b. 6,500 3,000 c. 2. Calculate the ending balance of the cash account. Ending balance
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