Recording Transactions The Greenville Company had the following transactions during June, 20X4: a. Collections of accounts receivable,

Recording Transactions The Greenville Company had the following transactions during June, 20X4:

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a. Collections of accounts receivable, $80,000. b. Payment of accounts payable, $45,000. c. Acquisition of inventory, $18,000, on open account. d. Sale of merchandise, $30,000. on open account and $23,000 for cash. The sold merchandise cost Greenville company $24,000. e. Depreciation on equipment of $1,000 in June. f. Declared and paid cash dividends of $12,000. Use the balance sheet equation format to enter these transactions into the books of Greenville Company. Suppose that Greenville has a cash balance of $15,000 at the beginning of June. What was the cash balance on June 30?