X Company, a merchandiser, started business on June 1 . The following were June transactions: 1. Received $90,000 from a group of investors. 2. Bought $8,383 of merchandise, $3,513 for cash and $4,870 on account. 3. Sold merchandise for $21,300, of which $16,881 was for cash and $4,419 was on account; Cost of Goods Sold was 57% of sales. 4. Paid $3,363 to suppliers for merchandise previously bought on account. 5. Paid wages of $5,000. 6. Collected $2,734 from customers on account. 7. Paid $5,400 for rent in advance. 4. What were total liabilities on June 30 ? B:$717[[]FF:$3,168 Tries 0/99