On May 1, MaryBerry Corp. sold design services to Shortcake Inc. on account for $5,000. On 5/31. MaryBerry Corp. received payment in full from Shortcake Inc. What journal entry would MaryBerry Corp record on May 31? Accounts Receivable 5,000 Cash 5.000 Cash 5.000 Accounts Receivable 5,000 Cash 5,000 Service Revenue 5,000 O Accounts Receivable 5.000 Service Revenue 5.000 If the debit amount of an entry to record the purchase of equipment on account was not posted, which of the following would result? O assets would be overstated O liabilities would be overstated O assets would be understated liabilities would be understated