3
2. Pay cash for employee salaries, $10,500.
3. Pay cash for rent, $4,500.
4. Receive cash from sale of equipment, $9,500.
5. Pay cash for utilities, $2,500.
6. Receive cash from a bank loan, $5,500.
1
7. Pay cash for advertising, $8,500.
points
8. Purchase supplies on account, $4,500.
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Required:
Post transactions to the Cash T-account and calculate the ending balance.
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References
Cash
Debit
Credit
Beginning Balance
21,500
(1)
16,500
(4)
10,500
(6)
5,500
Ending Balance