a. June 30 Merchandise Inventory balance, \$17,780 b. July purchase of Merchandise Inventory, $4,800, paid in cash c. July payments of Accounts Payable, $8,600 d. June 30 Accounts Payable balance, $10,300 e. June 30 Furniture and Fixtures balance, \$34,600; Accumulated Depreciation balance, $29,830 f. June 30 total stockholders' equity balance, $28,590 g. July Depreciation Expense, $200 h. Cost of Goods Sold, 50\% of sales i. Other July expenses, including income tax, $4,000, paid in cash j. June 30 Cash balance, $11,200 k. July budgeted sales on account, $12,000 I. June 30 Accounts Receivable balance $5,140 m. July cash receipts from payments on account, $14,800 a. June 30 Merchandise Inventory balance, \$17,780 b. July purchase of Merchandise Inventory, $4,800, paid in cash c. July payments of Accounts Payable, $8,600 d. June 30 Accounts Payable balance, $10,300 e. June 30 Furniture and Fixtures balance, \$34,600; Accumulated Depreciation balance, $29,830 f. June 30 total stockholders' equity balance, $28,590 g. July Depreciation Expense, $200 h. Cost of Goods Sold, 50\% of sales i. Other July expenses, including income tax, $4,000, paid in cash j. June 30 Cash balance, $11,200 k. July budgeted sales on account, $12,000 I. June 30 Accounts Receivable balance $5,140 m. July cash receipts from payments on account, $14,800