Ace Builders had the following transactions in June: Earned $4,000 on account, collected $3,000 from a customer that was owed from a previous month incurred $500 of repair expense and paid cash to the repairman: paid $1,200 to a supplier that it owed from the previous montre paid out 5800 in cash drawings to the owner. What is the combined effect on owner's capital of the june transactions? Your answer: Down 1,500 O Down $5,700 Up $500 Down $4,500