Calculate the following: (a) Determine the cash receipts for June based on the following data: Cash payments during May Cash account balance, May 1 Cash account balance, May 30 $41,320 3,640 8,680 Determine the cash received from customers on account during June based on the following (b) data: Accounts receivable account balance, May 1 Accounts receivable account balance, May 30 Fees billed to customers during May $11,340 8,860 29,880 The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balonces Accounts payable Accounts receivable Prepaid insurance Cash Drawing $1,500 1,800 2,000 3,200 1,200 Fees earned Insurance expense Land Wages expense Capital $3,600 1,300 3,000 1,400 8,800 Total assets are Oo. $10,000 Ob. $8,000 Oc. $9,700 Od. $9,800 Gently Laser Clinic purchased laser equipment for $6,306, pald $697 down, with the remainder to be paid later. The correct entry would be Cash $697 $5,609 $5,306 $6,306 Accounts Payable Equipment Equipment Expense Accounts Payable Cash O Equipment Cash o Equipment Accounts Payable Cash $697 $5,609 $697 $697 $5,306 $5,609 $697