X Company started business on April 1 and prepares monthly financial statements. In April, the company received $50,000 from a group of investors, bought $8,858 of merchandise, $4,889 on account and $3,969 for cash, sold merchandise for $41,300, of which $37,116 were for cash and $4,184 were on account; the cost of the merchandise that was sold was $21,889, paid $3,321 to suppliers for merchandise previously bought on account, collected $2,972 from customers on account, and paid expenses totalling $6,084. 4. What were total equities on April 30? Submit Answer Tries 0/3 5. What was Net Income in April? Submit Answer Tries 0/3