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The following transactions took place for Xiu Xiu Company during June 2018: (a) Purchased equipment on account for $9,000. (b) Billed customers $5,000 for services

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The following transactions took place for Xiu Xiu Company during June 2018: (a) Purchased equipment on account for $9,000. (b) Billed customers $5,000 for services performed. (c) Made payment of $2,300 on account for equipment purchased earlier in month. (d) Collected $2,900 on customer accounts. 1. What is the balance in Accounts Payable at June 30, 2018? Accounts Payable $ 2. What is the balance in Accounts Receivable at June 30, 2018? Accounts Receivable $

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