der the following transactions. 1. Receive cash from customers, $16,600. 2. Pay cash for employee salaries, $10,600. 3. Pay cash for rent, $4,600. 4. Receive cash from sale of equipment, $9,600. 5. Pay cash for utilities, $2,600. 6. Receive cash from a bank loan, $5,600. 7. Pay cash for advertising, $8,600. 8. Purchase supplies on account, $4,600. Required: Post transactions to the Cash T-account and calculate the ending balanc Debit Beginning Balance Ending Balance Cash 22,600 Credit

der the following transactions. 1. Receive cash from customers, $16,600. 2. Pay cash for employee salaries, $10,600. 3. Pay cash for rent, $4,600. 4. Receive cash from sale of equipment, $9,600. 5. Pay cash for utilities, $2,600. 6. Receive cash from a bank loan, $5,600. 7. Pay cash for advertising, $8,600. 8. Purchase supplies on account, $4,600. Required: Post transactions to the Cash T-account and calculate the ending balanc Debit Beginning Balance Ending Balance Cash 22,600 Credit

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 2PB: To demonstrate the difference between cash account activity and accrual basis profits (net income),...

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