Reference no: EM132046185

Question - Now consider Kamel Co.'s remaining transactions by clicking on the transaction letters below. Use the T accounts to record the transactions described. Notice that there is a balance in some of the accounts. This is a result of transactions (a) through (d). You need to record transactions (e) through (j) in the order in which they occurred. In each account, use the first available space (working from top to bottom) on the debit or credit side of the T account, whichever is appropriate.

If an amount box does not require an entry, leave it blank.

(a) Received cash from Rosa Kamel in exchange for stock, $18,510

(b) Performed services for a client on account, $6,190

(c) Purchased equipment with cash, $12,750

(d) Performed services for a customer who paid cash, $6,640

(e) Purchased supplies with cash, $2,630

(f) Purchased supplies on account, $5,290

(g) Paid rent with cash, $4,140

(h) Paid wages to employees with cash, $3,900

(i) Paid cash to a supplier on its account, $1,960

(j) Received cash from a client to settle client's account, $1,780

What is Kamel Co.'s cash balance after all transactions have been recorded? Is the balance on the debit or credit side?