Question

Receive cash from customers, $16,400. Pay cash for employee salaries, $10,400. Pay cash for rent, $4,400. Receive cash from sale of equipment, $9,400. Pay cash for utilities, $2,400. Receive cash from a bank loan, $5,400. Pay cash for advertising, $8,400. Purchase supplies on account, $4,400. Required: Post transactions to the Cash T-account and calculate the ending balance.

Answer 1

calculate the ending balance.$1200

Step-by-step explanation:

Cash account

Deb Cre

Receive cash from customers 16400

Pay cash for employee salaries 10400

Pay cash for rent 4400

Receive cash from sale of equipment 9400

Pay cash for utilities 2400

Receive cash from a bank loan 5400

Pay cash for advertising 8400

Purchase supplies on account 4400

31200 30000

ending balance 1200