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Exercise 2-14A Post transactions to Cash T-account (LO2-5) Consider the following transactions. 1. Receive cash from customers, $16,900. 2. Pay cash for employee salaries, $10,900.
Exercise 2-14A Post transactions to Cash T-account (LO2-5) Consider the following transactions. 1. Receive cash from customers, $16,900. 2. Pay cash for employee salaries, $10,900. 3. Pay cash for rent, $4,900. 4. Receive cash from sale of equipment, $9,900. 5. Pay cash for utilities, $2,900. 6. Receive cash from a bank loan, $5,900. 7. Pay cash for advertising, $8,900. 8. Purchase supplies on account, $4,900. Required: Post transactions to the Cash T-account and calculate the ending balance. Answer is not complete. Cash Beg. bal. (1) |(4) (6) 25,900 16,900 9,900 5,900 End. bal. 58,600
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