Consider the following transactions.
1. Receive cash from customers, $16,700.
2. Pay cash for employee salaries, $10,700.
3. Pay cash for rent, $4,700.
4. Receive cash from sale of equipment, $9,700.
5. Pay cash for utilities, $2,700.
6. Receive cash from a bank loan, $5,700.
7. Pay cash for advertising, $8,700.
8. Purchase supplies on account, $4,700.
Required:
Post transactions to the Cash T-account and calculate the ending balance.
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