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Question 6 Table 1 The following transactions occurred during June, the first month of operations for XYZ Company: 1. Issued 50,000 shares of common
Question 6 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 Stockholders' Equity at the end of June (assuming closing entries have been made)? O $313,000 O $300,000 O $263,000 O $265,000
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