Ace, lnC. had the following transactions during June: Performed services for $5,000 on account; received cash on account, $5,000; paid $700 for repair expense; paid $1,600 to a supplier that it owed from the previous month What is the combined effect on Cash of the June transactions? A. $2,700 increase B. $5,000 increase C. $2,700 decrease D. $2,300 decrease