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Accounts Payable.... $12,000 Equipment... $18,000 Accounts Receivable $14,000 Land $52,000 Building. $42,000 Salaries Payable $30,000 Cash $8,000 Capital Stock $92,000 On June 3, Creative Band,
Accounts Payable.... $12,000 Equipment... $18,000 Accounts Receivable $14,000 Land $52,000 Building. $42,000 Salaries Payable $30,000 Cash $8,000 Capital Stock $92,000 On June 3, Creative Band, Inc. collected $4,000 of its accounts receivable and paid $7,000 of its accounts payable. In addition, 2,000 of additional shares of capital stock are issued for $5,600. On June 4, the balance in the Accounts Receivable account is: O $17,600 $10,000 O Some other amount O $ 5,000
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