Question 14 Not yet answered Marked out of 4.00 P Flag question We have the following transactions for a sole proprietorship in the month of May: May 1: Owner invested $5,000 in her business in exchange of Common Stock. May2: She purchased $5,000 inventory; $3,000 in cash and the rest on account. May 5: She purchased $2,000 supplies from Staples" on account May 8: She received $7,000 for service. May 13: She provided $4,000 service for Amy Adams on Amy's account. May 20: She paid $500 of her balance to "Staples" for transaction of May 5. May 25: She received $900 from Amy Adams for the service of May 13. 1. How much will the balance of Cash account be at the end of May: Oa.$11,400 Ob.$56,400 Oc.$9,400 Od $19,500 2. How much will the balance A/P account be at the end of May? Oa.$5,300 Ob.$5,230 Oc.$4,500 Od $3,500 3. How much will the balance of Revenue account be at the end of May? Oa.$12,000 Ob.$11,000 Oc.$58,000 Od.$8,900 4. How much will the balance of A/R be at the end of May? Oa. $900 Ob.$2,100 c.$3,900 Od.$3,100