Question

Use the T account for Cash below to record the portion of each of the following transactions, if any that affect cash. How do these transactions affect the company’s liquidity?


Jan. 2 Provided services for cash, $2,400.
4 Paid expenses in cash, $1,400.
8 Provided services on credit, $2,200.
9 Incurred expenses on credit,$1,600.


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  • CreatedMarch 26, 2014
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