X Company, a merchandising company, had the following transactions during 2020: Received $8,394 from new owners. Purchased $8,015 worth of merchandise on account from suppliers. Sold merchandise on account to customers for $12,239; the merchandise cost X Company $8,567. Paid $3,981 to suppliers for merchandise that X Company had previously purchased on account. Collected $3,191 from customers who had previously purchased merchandise on account. Bought equipment for $9,948 with a down payment of $5,286 and a $4,662 loan from the bank. Paid wages of $1,149. Recognized the expiration of $506 of prepaid rent. 8. If total assets at the beginning of 2020 were $13,161, what were total assets at the end of 2020? Tries 0/3 9. If total liabilities at the beginning of 2020 were $3,455, what were total liabilities at the end of 2020? Tries 0/3 10. What was Net Income in 2020?

. . X Company, a merchandising company, had the following transactions during 2020: Received $8,394 from new owners. Purchased $8,015 worth of merchandise on account from suppliers. Sold merchandise on account to customers for $12,239; the merchandise cost X Company $8,567. Paid $3,981 to suppliers for merchandise that X Company had previously purchased on account. Collected $3,191 from customers who had previously purchased merchandise on account. Bought equipment for $9,948 with a down payment of $5,286 and a $4,662 loan from the bank. Paid wages of $1,149. Recognized the expiration of $506 of prepaid rent. . . . . 8. If total assets at the beginning of 2020 were $13,161, what were total assets at the end of 2020? Submit Answer Tries 0/3 9. If total liabilities at the beginning of 2020 were $3,455, what were total liabilities at the end of 2020? Submit Answer Tries 0/3 10. What was Net Income in 2020? Submit Answer Tries 0/3