Solution-How much is ending balance of cash

How much is ending balance of cash

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Reference no: EM133054267

Question - Consider the following transactions for a company:

Sell ordinary shares for $10,000.

Purchase equipment for $8,500 cash.

Provide services to customers for $6,000.

Pay employee salaries of $3,500.

Required -

1. Post these transactions to the Cash T-account. Assume the balance of Cash before these transactions is $3,000.

2. How much is ending balance of cash?

Reference no: EM133054267

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How much is ending balance of cash

Reference no: EM133054267

Reference no: EM133054267

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