D Question 28 2 pts Rover Company operates a retail store and uses accrual accounting On April 1, 2020, the company purchases $50,000 of equipment on account and depreciates the equipment at a rate of $1,000 per month. What will the book value of the equipment be on May 31, 20207 $50,000 $51.000 $48.000 $49,000 Question 29 2 pts Abe's Appliance Repair Shop uses cash accounting and issues monthly financial statements. On April 15, 2020, the company repairs a refrigerator for a customer. The shop bills the customer on May 1, 2020, and receives payment on May 15, 2020. The repair shop will O record revenue on May 15, 2020 Orecord revenue on April 15. O record revenue on May 1, 2020 O record revenue on April 30 in an adjusting entry