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onsider the following transactions. 1. Receive cash from customers, $15,000. 2. Pay cash for employee salaries, $9,000. 3. Pay cash for rent, $3,000. 4. Receive
onsider the following transactions.
1. | Receive cash from customers, $15,000. |
2. | Pay cash for employee salaries, $9,000. |
3. | Pay cash for rent, $3,000. |
4. | Receive cash from sale of equipment, $8,000. |
5. | Pay cash for utilities, $1,000. |
6. | Receive cash from a bank loan, $4,000. |
7. | Pay cash for advertising, $7,000. |
8. | Purchase supplies on account, $3,000. |
Required: |
Post transactions to the Cash T-account. The beginning balance in the Cash T-account is $5,000. |
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