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Wine Stop opened a new store and completed the following transactions during June: 1. Shareholders invested $90,000 cash in exchange for common stock. 2. Purchased

Wine Stop opened a new store and completed the following transactions during June: 1. Shareholders invested $90,000 cash in exchange for common stock. 2. Purchased a delivery truck for $15,000 cash. 3. Purchased $3,400 of wine on account. Paid $3,000 of the balance. At the end of the month, $400 of inventory remained on hand. 4. Paid $6,600 for selling expenses. 5. Sold wine to customers and collected $18,000 cash. Billed corporate clients for an additional $2,400 of wine delivered during June.

How much will the company report on its balance sheet as Cash on June 30?

$47,400

$56,800

$64,600

$83,400

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