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X Company prepares monthly financial statements. The following is the company's balance sheet on September 1: Timer Notes Assets Cash Accounts Receivable Inventory Prepayments Equipment
X Company prepares monthly financial statements. The following is the company's balance sheet on September 1: Timer Notes Assets Cash Accounts Receivable Inventory Prepayments Equipment Total Assets Balance Sheet September 1 Equities $37,973 Accounts Payable 5,717 Notes Payable 13,278 3,144 Paid-In Capital 69,055 Retained Earnings $129, 167 Total Equities $5,049 24,514 63,382 36,222 $129,167 During September, the company sold common stock to investors for $21,000, . paid rent on the first of the month for the rest of the year, rent was $1,300 per month bought equipment costing $9,800, signing a note for $4,500, and paying the manufacturer $5,300 in cash, borrowed 525,000 from a bank, and - paid back a previous interest-free loan for $3,260. 6. After these transactions were recorded, what was the balance in the Cash account ignore adjusting entries)? t Aries| Tres 0/3 7. After these transactions were recorded, what were total equites [ignore adjusting entries)? Samtid Tries 0/3
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