1. Consider the following transactions. Receive cash from customers, $15,000. 2. Pay cash for employee salaries, $9,000. Pay cash for rent, $3,000. 3. Receive cash from sale of equipment, $8,000. 4. Pay cash for utilities, $1,000. 5. Receive cash from a bank loan, $4,000. 6. Pay cash for advertising, $7,000. 7. Purchase supplies on account, $3,000.
