A) The Accounts Receivable balance at the end of the month is:

B) Total liabilities at the end of the month is:

C) Net income for the month is:

D) If the Beginning Balance of Retained Earnings was $0, the end of the month balance is:

Dec 1 - Stockholders invested $50,000 in exchange for Common Stock Dec 1 - Hired an administrative assistant at a monthly salary of S2,000 Dec 1 - Prepaid 3 months rent by paying cash of S6,000 Dec 3 - Bought inventory for $4,000, on account Dec 6 - Sold all inventory at a price of $10,000. This was paid by customers with $6,000 cash and the remaining $4,000 on account Dec 10 - Received $2,000 of the cash due from the December 6 transaction. Now believes that $1,000 of the remaining balance due is unlikely to be collected Dec 27 - Paid $3,000 of the bill for the inventory purchased on December 3rd Dec 30 - Paid the administrative assistant $2,000 cash for the month of December Dec 30 - Declared and paid dividends of $1,000