On April 8 Lgnacio Ltd. a courier company recieves $500 cash from a customer to provide priority delivery services in the month of May. Ignacio purchases and pays for $200 office supplies on April 15. During the month of May Ignacio provides the priority delivery services to its customer and uses $170 in office supplies. which of the following is correct as it relates to the revenue and expenses for April and May under generally accepted accounting principles?

April: $500 revenues and $170 expenses; May: $0 revenues and $0 expenses April: $0 revenues and $0 expenses; May: $500 revenues and $0 expenses April: $0 revenues and $0 expenses; May: $500 revenues and $200 expenses April: $0 revenues and $0 expenses: May: $500 revenues and $170 expenses April: $500 revenues and $0 expenses; May: $0 revenues and $170 expenses