5) Lush Lawns earned $1,000 for lawn mowing services rendered. The customer promised to pay at a later time. Which of the following accounts increased as a result of this transaction? a. Accounts payable b. Supplies c. Cash d. Accounts receivable 6) Martin Supply Service paid $350 cash to a materials supplier that it owed from the previous month. Which of the following accounts decreases? a. Accounts Receivable b. Accounts Payable c. Owner's Capital d. Office Supplies 7) The balance of owner's capital at the beginning of the year was $50,000 and at the end of the year was $67,000. No additional capital was contributed during the year. Withdrawals were $23,000. What was the net income or loss for the year? a. Net income of $90,000 b. Net loss of $90,000 C. Net loss of $40,000 d. Net income of $40,000