1. Received $86,000 from a group of investors. 2. Bought $8,007 of merchandise, $3,563 for cash and $4,444 on account. 3. Sold merchandise for $20,300, of which $15,477 was for cash and $4,823 was on account; Cost of Goods Sold was 56% of sales. 4. Paid $3,240 to suppliers for merchandise previously bought on account. 5. Paid wages of $5,360. 6. Collected $2,993 from customers on account. 7. Paid $5,800 for rent in advance. What were total liabilities on June 30 ? A: $395 B: $573 C: $830 Tries 0/99