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Dijon LLC consults to the mustard manufacturing industry. As of the start of the current...

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Accounting

Dijon LLC consults to the mustard manufacturing industry. As of the start of the current month, June, the LLCs balance sheet was as follows:

Assets

Cash $8,000

Accounts Receivable $15,000

Property $2,000

Liabilities

Accounts Payable $5,000

Business Loan Payable $6,000

Owners Equity $14,000

If only the following transactions occur during the month, what is the balance in accounts receivable at the end of the month?

1. Invoices clients $9,000 for work performed, with amounts due in July

2. Collects 80% of amounts due to the LLC at the start of the month

3. Pays employee salaries of $6,000

4. Pays 100% of accounts payable from the start of the month

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