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Consider the following transactions. 1. Receive cash from customers, $15,600. 2. Pay cash for employee salaries, $9,600.
Posted: Sun Jul 03, 2022 3:44 pm
by answerhappygod
- Consider The Following Transactions 1 Receive Cash From Customers 15 600 2 Pay Cash For Employee Salaries 9 600 1 (46.42 KiB) Viewed 17 times
Consider the following transactions. 1. Receive cash from customers, $15,600. 2. Pay cash for employee salaries, $9,600. 3. Pay cash for rent, $3,600. 4. Receive cash from sale of equipment, $8,600. 5. Pay cash for utilities, $1,600. 6. Receive cash from a bank loan, $4,600. 7. Pay cash for advertising, $7,600. 8. Purchase supplies on account, $3,600. Required: Post transactions to the Cash T-account and calculate the ending balance. Beg. bal. End. bal. Cash 11,600