The following transactions took place for Xiu Xiu Company during the month of June: (a) Purchased equipment on account for $9,000. (b) Billed customers $5,000 for services performed (c) Made payment of $2,300 on account for equipment purchased earlier in the month. (d) Collected $2,900 on customer accounts for the services performed earlier in the month. Based on the information given, which of the statements is correct about ending balance of cash at the end of June assuming the balance of cash at the beginning of June has a debit balance of $2,800
(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Answers: 2
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The following transactions took place for Xiu Xiu Company during the month of June: (a) Purchased eq...
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