Question 5 Table 1 The following transactions occurred during June, the first month of operations for XYZ Company: 1. Issued 50,000 shares of common stock for $300,000 cash. 2. Purchased Equipment for $100,000 cash. 3. Collected $50,000 cash for services that will be performed in August. 4. Paid $35,000 for expenses incurred this period. 5. Declared and distributed a $2,000 cash dividend. What is the balance in the Cash account at the end of June? $413,000 $255,000 $253,000 O $213,000