Exercise 2 accounting 230.docx - Exercise 2-14 Post...

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Exercise 2-14 Post transactions to Cash T-account (LO2-5)Consider the following transactions.1. Receive cash from customers, $15,000.2. Pay cash for employee salaries, $9,000.3. Pay cash for rent, $3,000.4. Receive cash from sale of equipment, $8,000.5. Pay cash for utilities, $1,000.6. Receive cash from a bank loan, $4,000.7. Pay cash for advertising, $7,000.8. Purchase supplies on account, $3,000.Required:Post transactions to the Cash T-account and calculate the ending balance.
Exercise 2-11 Record transactions (LO2-4)
Bearcat Construction begins operations in March and has the following transactions.March 1 Issue common stock for $21,000.March 5 Obtain $9,000 loan from the bank by signing a note.March 10 Purchase construction equipment for $25,000 cash.March 15 Purchase advertising for the current month for $1,100 cash.March 22 Provide construction services for $18,000 on account.March 27 Receive $13,000 cash on account from March 22 services.

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