X Company started business on June 1 and prepares monthly financial statements. The following were June transactions: 1. received $41,000 from a group of investors 2. bought $8,386 of merchandise, $3,383 for cash and $5,003 on account 3. sales were $40,800, of which $36,699 were for cash and $4,101 were on account; Cost of Goods Sold was $20,808 4. paid $3,913 to suppliers for merchandise previously bought on account 5. collected $2,771 from customers on account 6. paid expenses totalling $8,091 8 pt 4. What were total assets on June 30? 4. AO $24,626 BO $28,812 CO $33,710 FO $53,991 EO $46,146 DO $39,441 DO $5,660 EO $8,208 8 pt 5. What was Net Income in June? 5. A $1.857 BO $2,692 CO $3,904 FO $11,901