Beginning equity of 5:291.000, net income of $68,000, withdrawals of 7.000 and investments by w o rs.000 Itsending equity is A) 5.263.000 B) S102.000 C) 193.000. D) 532.000 E) $257.000 5) ex e s of a business increased $89.000 during a period of time and the owner's the business decreased $37.000 during the same period, the assets of the business must have A) Increased $37.000 B) Decreased S$2.000 C) Increased $126.000 D) Decreased $126.000 Increased $52,000. quity is $132.000, then liabilities are: If assets are $389,000 and A) 5521,000. B) $257,000 C) $646.000. D) S132,000 E) 5389,000 7) Ir Houston Company billed a client for $15,000 of consulting work completed, the accounts receivable asset increases by $15,000 and: A) Revenue decreases $15,000. B) Cash increases $15,000. C) Accounts payable increases $15,000. D) Accounts payable decreases $15,000. E) Revenue increases $15,000. 8) On April 30, Victor Services had an Accounts Receivable balance of $38,900. During the month of May, total credits to Accounts Receivable were $74,800 from customer payments. The May 31 Accounts Receivable balance was $32,000. What was the amount of credit sales during May? A) $6900. B) $47,200. C) $67,900. D) $74,800. 8) E) $81,700