Consider the following transactions. 1. Receive cash from customers, $15,000. 2. Pay cash for employee...
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Consider 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. Post transactions to the Cash T-account and calculate the ending balance. Debit Beginning Balance (1) (6) (4) Ending Balance > X Answer is not complete. Cash 5,000 15,000 8,000 12,000 Credit 9,000 3,000
Consider 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. Post transactions to the Cash T-account and calculate the ending balance
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