If a business receives a payment of $1,000 in June for the services rendered to a customer in May, which of the following is false? Select one: O a. decrease receivable by $1,000 June b. increase revenue by $1,000 in June O c. increase revenue by $1,000 May d. increase cash by $1,000 in June Question 3 (1 point) At the beginning of May, ABC Hospitality Company has total assets $430,000, total liabilities are $280,000. At the end of May, ABC company paid off $100,000 liabilities, what is the Company's Owner' Equity at the end of the month? $230,000 $150,000 $180,000 $410,000