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.

Question

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The Answer of 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.

Consider the Following Transactions for Mittel Corporation