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-   -   What is transaction posted mean? (https://www.askmehelpdesk.com/showthread.php?t=366268)

  • Jun 18, 2009, 12:10 AM
    martkm
    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?
  • Jun 18, 2009, 11:51 AM
    pready

    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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