On January 1, Echazu Inc. sells merchandise on account for $26,000. On January 10, Echazu receives full payment in cash for the January 1 sale. On January 21, Echazu makes another sale on account for $5,000. What is the balance of Accounts Receivable on January 31? Select one: a. $26,000 O b. $5,000 c. $31,000 d. $21,000 Ursula Furniture Store has a building of $108,000 book value and Inventory of $52,000. Which of the following is true? Select one: O a. Ursula has current asset of $160,000. b. Ursula has long-term asset of $160,000. c. Ursula has current asset of $108,000 and long-term asset of $52,000. d. Ursula has current asset of $52,000 and long-term asset of $108,000. question Ace Inc. had the following transactions in June: Sold goods for $4,000 on account; received $5,000 cash for sale; paid $800 cash for repair expense; paid $2,000 cash to a supplier that it owed from the previous month. What is the combined effect on Cash of the June transactions? Select one: O a. $2,200 increase b. $2,200 decrease c. $5,000 increase d. $2,800 decrease