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X Company, a merchandising company, had the following transactions during the year: 1. Received $8,047 in cash contributions from the owners 2. Purchased $8,283 worth of merchandise on account from suppliers 3. Sold merchandise on account to customers for $11,353; the merchandise cost X Company $7,947. 4. Paid $3,765 to suppliers for merchandise that X Company had previously purchased on account. 5. Collected $3,937 from customers who had previously purchased merchandise on account. 6. Bought equipment for $9,534 with a down payment of $5,496 and a $4,038 loan from the bank. 7. Paid wages of $1,016 8. Recognized the expiration of $511 of prepaid rent. If total equities at the beginning of the year were $10,749, what were total equities at the end of the year? Submit Answer Tries 0/3