The following transactions took place for Tanaka company:
1. Purchased equipment on account for $9800.
2. Billed customers $5600 for services performed.
3. Made payment of $2400 on account for equipment purchased earlier in month.
4. Collected $3900 on customer accounts.
1. What is the balance in Accounts Payable at June 30 2016?
2. What is the balance in Accounts Receivable at June 30 2016?

Question

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The Answer of The following transactions took place for Tanaka company:
1. Purchased equipment on account for $9800.
2. Billed customers $5600 for services performed.
3. Made payment of $2400 on account for equipment purchased earlier in month.
4. Collected $3900 on customer accounts.
1. What is the balance in Accounts Payable at June 30 2016?
2. What is the balance in Accounts Receivable at June 30 2016?

The Following Transactions Took Place for Tanaka Company