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Consider the following transactions for Mittel Corporation a. Sell common stock for $11,000. b. Purchase equipment for $11,500 cash. c. Pay employees' salaries of $3,500.
Consider the following transactions for Mittel Corporation a. Sell common stock for $11,000. b. Purchase equipment for $11,500 cash. c. Pay employees' salaries of $3,500. d. Provide services to customers for $6,900 cash. 1. Post these transactions to the cash T-account. Assume the balance of cash before these transactions is $4,900 Cash Beg. Bal. 2. Calculate the ending balance of the cash account. Ending balance
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