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)