X Company prepares monthly financial statements. The following is the company's balance sheet on September 1: Balance Sheet September 1 Equities $39,690 Accounts Payable 5,777 Notes Payable 12,034 3,283 Paid-In Capital 68,323 Retained Earnings $129,107 Total Equities Assets Cash Accounts Receivable Inventory Prepayments Equipment Total Assets $5,959 24,643 62,684 35,821 $129,107 During September, the company sold common stock to investors for $20,000, paid rent on the first of the month for the rest of the year; rent was $1,300 per month, bought equipment costing $10,600, paying the manufacturer $5,800 in cash, and signing a note for $4,800, borrowed $26,000 from a bank, and paid back a previous interest-free loan for $3,140. 6. After these transactions were recorded, what was the balance in the Cash account [ignore adjusting entries)? Submit Answer Tries 0/3 7. After these transactions were recorded, what were total equities [ignore adjusting entries)? Submit Answer Tries 0/3