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The account balances for AB Company, Inc. as of May 31, 2009, are listed below in alphabetical order: Accounts Payable.................. $13,600 Equipment.......................... $18,900 Accounts Receivable.............

The account balances for AB Company, Inc. as of May 31, 2009, are listed below in alphabetical order:

Accounts Payable.................. $13,600 Equipment.......................... $18,900

Accounts Receivable............. $14,200 Land................................... $52,000

Building................................. $42,000 Notes Payable.................... $25,000

Cash...................................... $3,500

Capital Stock......................... $92,000

On June 3, the AB Inc. collected $2,400 of its accounts receivable and paid $4,800 of its accounts payable. In addition, 2,000 of additional shares of capital stock are issued for $10,400. Please answer the following questions (8 points) :

1 In a trial balance prepared on May 31, 2009, the sum of the debit columnis:

2 On June 4, the balance in the Cashaccount is:

3 On June 4, the balance in theCapital Stock account is:

4 In a trial balance prepared on June 4, the sum of the credit columnis:

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