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Consider the following transactions. Receive cash from customers, $15,400. Pay cash for employee salaries, $9,400. Pay cash for rent, $3,400. Receive cash from sale of
Consider the following transactions.
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Receive cash from customers, $15,400.
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Pay cash for employee salaries, $9,400.
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Pay cash for rent, $3,400.
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Receive cash from sale of equipment, $8,400.
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Pay cash for utilities, $1,400.
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Receive cash from a bank loan, $4,400.
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Pay cash for advertising, $7,400.
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Purchase supplies on account, $3,400.
Required: Post transactions to the Cash T-account and calculate the ending balance.
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