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The following transactions took place for Xiu Xiu Company during June 2021: (a)Purchased equipment on account for $9,000

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The following transactions took place for Xiu Xiu Company during June 2021:

(a)Purchased equipment on account for $9,000.

(b) Billed customers $5,000 for services performed.

(c) Made payment of $2,300 on account for equipment purchased earlier in month.

(d) Collected $2,900 on customer accounts.

1. What is the balance in Accounts Payable at June 30, 2021? Accounts Payable $

2. What is the balance in Accounts Receivable at June 30, 2021? Accounts Receivable $