Question: 1. Record the following transactions.
1. Pay employee salaries of $500 by issuing checks.
2. Purchase computer equipment of $900 using a credit card.
3. Pay for maintenance of $300 for a company vehicle using a debit card.
4. Brangelina Adoption Agency's general ledger shows a cash balance of $4,583. The balance of cash in the March-end bank statement is $7,325. The bank statement reveals the following information: checks outstanding of $2,793, bank service fees of $75, and interest earned of $24. Calculate the correct balance of cash at the end of March.