Xcompany started business on june 1 and prepares monthly financial statements. the following were june transactions: received $41,000 from a group of investors bought $8,876 of merchandise, $3,254 for cash and $5,622 on account sales were $40,600, of which $36,144 were for cash and $4,456 were on account; cost of goods sold was $21,112 paid $3,942 to suppliers for merchandise previously bought on account collected $2,725 from customers on account paid expenses totalling $7,015

1. what were total assets on june 30?

tries 0/3 submit answer
2. what was net income in june?

Which basic economic questions deals with the issue of how the incomeof people in various occupations is determined

Concrete consulting co. has the following accounts in its ledger: cash; accounts receivable; supplies; office equipment; accounts payable; jason payne, capital; jason payne, drawing; fees earned; rent expense; advertising expense; utilities expense; miscellaneous expense. transactions oct. 1 paid rent for the month, $3,600. 3 paid advertising expense, $1,200. 5 paid cash for supplies, $750. 6 purchased office equipment on account, $8,000. 10 received cash from customers on account, $14,800. 15 paid creditors on account, $7,110. 27 paid cash for miscellaneous expenses, $400. 30 paid telephone bill (utility expense) for the month, $250. 31 fees earned and billed to customers for the month, $33,100. 31 paid electricity bill (utility expense) for the month, $1,050. 31 withdrew cash for personal use, $2,500. journalize the following selected transactions for october 2019 in a two-column journal. refer to the chart of accounts for exact wording of account titles

Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.