X Company, a merchandiser, started business on June 1 . The following were June transactions: 1. Received $81,000 from a group of investors. 2. Bought $8,823 of merchandise, $3,959 for cash and $4,864 on account. 3. Sold merchandise for $20,100, of which $15,141 was for cash and $4,959 was on account; Cost of Goods Sold was 58% of sales. 4. Paid $3,206 to suppliers for merchandise previously bought on account. 5. Paid wages of $5,290. 6. Collected $2,958 from customers on account. 7. Paid $5,700 for rent in advance. 4. What were total liabilities on June 30 ? A: $1,143 B: $1,658 C: $2,404 D: $3,486 O: $5,055 F: $7,329 Tries 0/99 5. What were total equities on June 30 ? C: $96,965 F: $139,911 Tries 0/99