X Company, a merchandiser, started business on June 1 . The following were June transactions: 1. Recelved $95,000 from a group of investors. 2. Bought $8,328 of merchandise, $3,562 for cash and $4,766 on account. 3. Sold merchandise for $21,700, of which $17,561 was for cash and $4,139 was on account; Cost of Goods Sold was 55% of sales. 4. Paid $3,140 to suppliers for merchandise previously bought on account. 5. Paid wages of $5,330. 6. Collected $2,574 from customers on account. 7. Paid $5,900 for rent in advance. 4. What was the balance in the cash account on June 30 ? Tries 0/99 5. What were total assets on June 30 ? Tries 0/99