Question
Description Debit Credit Balance Cash Balance, Feb. 1 $100,000 Deposit, Feb. 11 $30,000 Payment for Supplies, Feb. 15 $10,000 Payment for Payroll, Feb. 18 $80,000
| Description | Debit | Credit | Balance |
| Cash Balance, Feb. 1 |
| $100,000 | |
| Deposit, Feb. 11 | $30,000 |
|
|
| Payment for Supplies, Feb. 15 |
| $10,000 |
|
| Payment for Payroll, Feb. 18 |
| $80,000 |
|
| Deposit, Feb. 28 | $70,000 | Leave blank |
|
| Ending Cash Balance, Feb. 29 | Leave blank | Leave blank | ? |
Please provide explanation.
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
978-0078025914
