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    martkm's Avatar
    martkm Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jun 18, 2009, 12:10 AM
    What is transaction posted mean?
    We invested 58K cash and equipment 20K
    Purchase $70 office supplies
    Paid $2K for salary
    Sold pinting $4800
    Billed client $150
    What was balance of cash account after these transaction posted?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Jun 18, 2009, 11:51 AM

    First transaction is +$58K to cash
    Second Transaction no effect to cash unless cash paid
    Third Transaction -$2K
    Fourth Transaction No effect to cash unless cash received
    Fifth Transaction No effect to Cash
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