Reference no: EM132774619
Consider the following transactions.
Receive cash from customers, $16,200.
Pay cash for rent, $4,200.
Pay cash for employee salaries, $10,200.
Receive cash from sale of equipment, $9,200.
Pay cash for utilities, $2,200.
Receive cash from a bank loan, $5,200.
Pay cash for advertising, $8,200.
Purchase supplies on account, $4,200.
Required:
Problem 1: Post transactions to the Cash T-account and calculate the ending balance.
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