The following transactions occurred during June, the first month of operations for XYZ Company: Issued 50,000 shares of common stock for $300,000 cash.
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Ma4.
The following transactions occurred during June, the first month of operations for XYZ Company:
Issued 50,000 shares of common stock for $300,000 cash.
Purchased Equipment for $100,000 cash.
Collected $50,000 cash for services that will be performed in August.
Paid $35,000 for expenses incurred this period.
Declared and distributed a $2,000 cash dividend.
What is the balance in the Cash account at the end of June?
What is the balance in
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