Ace, Inc. had the following transactions during June Performed services for $4,000 on account received cash on account, $8,000; paid $900 for repair expense paid $1,800 to a supplier that it owed from the previous month. What is the combined effect on Cash of the June transactions? O A $5,300 increase OB. $8,000 increase OC. $5,300 decrease OD. $2,700 decrease Murphy Company had originally purchased land for $35,000. It later sold it for $35,000 in cash. Which of the following is true of the effect of the sale of land on the accounting equation? O A assets increase by $35,000; equity increases by $35,000 OB. assets increase and liabilities decrease by $35.000 OC. assets and equity increase by $70,000 OD. the amount of total assets remains the same Delito Tax Planning Service bought production equipment for $9,000 on January 1, 2017. It has an estimated useful life of five years and zero residual value. Delito uses the straight-line method to calculate depreciation and records depreciation expense in the books at the end of every month. As of June 30, 2017, the book value of this equipment shown on its balance sheet will be A $8,100 B. $9,150 OC. $9,900 OD. $9,000