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Exercise 2-14 Post transactions to Cash T-account (LO2-5) Consider the following transactions 1. Receive cash from customers, $16,000. 2. Pay cash for employee salaries, $10,000.
Exercise 2-14 Post transactions to Cash T-account (LO2-5) Consider the following transactions 1. Receive cash from customers, $16,000. 2. Pay cash for employee salaries, $10,000. 3. Pay cash for rent, $4,000 4. Receive cash from sale of equipment, $9,000 5. Pay cash for utilities, $2,000. 6. Receive cash from a bank loan, $5,000. 7. Pay cash for advertising, $8,000. 8. Purchase supplies on account, $4,000 Required: Post transactions to the Cash T-account and calculate the ending balance Cash Beg. bal 16,000 End. bal
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