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The following transactions took place for Tanaka company during their first month nof operations: 1....

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Accounting

The following transactions took place for Tanaka company during their first month nof operations: 1. Purchased equipment on account for $10,800. 2. Billed customers $5,700 for services performed. 3. Made payment of $2,500 on account for equipment purchased earlier in month. 4. Collected $2,900 on customer accounts. 1. What is the balance in Accounts Payable at June 30, 2020? 2. What is the balance in Accounts Receivable at June 30, 2020?

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