Record the employee salaries by issuing checks

Reference no: EM131519980

Question: 1. Record the following transactions.

1. Pay employee salaries of $500 by issuing checks.

2. Purchase computer equipment of $900 using a credit card.

3. Pay for maintenance of $300 for a company vehicle using a debit card.

4. Brangelina Adoption Agency's general ledger shows a cash balance of $4,583. The balance of cash in the March-end bank statement is $7,325. The bank statement reveals the following information: checks outstanding of $2,793, bank service fees of $75, and interest earned of $24. Calculate the correct balance of cash at the end of March.

Reference no: EM131519980

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