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Please show work! 8 pi X Company, a merchandising company, had the following transactions cluring the year: 1. Received $8,651 in casi contributions from the
Please show work!
8 pi X Company, a merchandising company, had the following transactions cluring the year: 1. Received $8,651 in casi contributions from the owners. 2. Purchased $8,791 worth of merchandise on count from suppli 3. Sold merchandise on nocomit to customers for $11,679; the merchandise cost X Company 89,263. 1. Paid $3,451 to suppliers for merchandisi that X Company had previously purchased on account 5. Collected 83,760 from customers who had previonly purchased merchandise on account. 6. Bought cruipment for $10.270 with a down payment of $5,662 and a $4,608 loan from the bank. 7. Paid wages of $1,035. 8. Recognil the expiration of $507 of prepaid ret. If total sets at the beginning of the year were $12.797. whunt were total assets at the end of the year? 9. AO $13,177 BO 816.471 CO $20.580 DO $25,736 EO $32.170 FO $40.212Step by Step Solution
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