Consider the Following Transactions for Mittel Corporation

question 168

Essay

Consider the following transactions for Mittel Corporation:
a.Sell common stock for $10,000.
b.Purchase equipment for $11,500 cash.
c.Pay employee salaries of $3,700.
d.Provides services to customers for $6,200 cash.
1.Post these transactions to the Cash T-account.Assume the balance of Cash before these transactions is $4,200.
2.Calculate the ending balance of the Cash account.

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