Timer Notes Evaluate X Company, a merchandiser, started business on June 1. The following were June transactions: 1. Received $93,000 from a group of investors. 2, Bought $8,074 of merchandise, $3,733 for cash and $4,341 on account. 3. Sold merchandise for $20,700, of which $15,849 was for cash and $4,851 was on account; Cost of Goods Sold was 57% of sales. 4. Paid $3,664 to suppliers for merchandise previously bought on account. 5. Paid wages of $5,630. 6. Collected $2,757 from customers on account. 7. Paid $5,700 for rent in advance. 4. What was the balance in the cash account on June 30? $92,879 You are correct. Your receipt no. is 154-369 Previous Tries 5. What were total equities on June 30? 100403 Submit Answer Incorrect. Tries 1/3 Previous Tries 6. What was net income in June [ignore adusting entries]? Submit Answer Tries 0/3