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Tanya started a business on May 1, 2020 and had the following transactions in May: May 1: She invested $5,000 in her business. May2:
Tanya started a business on May 1, 2020 and had the following transactions in May: May 1: She invested $5,000 in her business. May2: She purchased $5,000 inventory; $2,000 in cash and the rest on account. May 5: She purchased $2,000 supplies from "Staples" on account. May 8: She received $8,000 for service. May 13: She provided $4,000 service for Amy on Amy's account. May 20: She paid $500 of her balance to the "Staples" for transaction of May 5. May 25: She received $900 from Amy 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.$9,600 2. How much will the balance A/P account be at the end of May? Od.$19,500 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 Oc$3,900 Od.$3,100 C
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