The following financial statements were prepared at the end of the month of May: TOPS IN TOPIARY - INCOME STATEMENT FOR the month of May Revenue Expenses: Rent Expense Advertising Expense Wages Expense Net Income $500 $500 $200 Owner's Equity at May 1 plus: Investment plus: Net Income less: Withdrawals Owner's Equity at May 31 $2,540 TOPS IN TOPIARY - STATEMENT OF OWNER'S EQUITY FOR the month of MAY $ $1,200 $1,340 0 2,000 1,340 0 $3,340 TOPS IN TOPIARY - BALANCE SHEET AS OF MAY 31 TOPS IN TOPIARY - BALANCE SHEET AS OF MAY 31 ASSETS Current Assets: Cash Accounts Receivable Prepaid Rent Prepaid Advertising Supplies Equipment Total Assets $1,380 $1,500 $ 500 $ 500 $ 100 $3,980 $ 360 $4,340 LIABILITES AND OWNER'S EQUITY Current Liabilities: Accounts Payable Advertising Payable Advances from Customers Owner's Equity Total Liabilities & OE $ $ $ 300 500 200 $3,340 $4,340 During June the following transactions occurred: 1) Paid the helper the $200 owed from works done in May (the amount owed is in Accounts Payable). 2) Completed the job for which the customer paid $200 in May. Tops in Topiary collected $1,000 in cash once finished. 3) Paid $500 for the rent of July. 4) At the end of June notices that there are no supplies left. Makes a note to buy some in July. 5) At the end of June notices that there are few flyers left (used for advertising) worth $100 and decides to order some for July. Before ordering the printer (supplier of flyers) asks to be paid $500 of the amount owed for the flyers done in May. Tops in Topiary pays $500. 6) In June collected in cash $3,000 for 3 jobs are done for a total of $4,200, the rest is owed in account by the customers. 7) In June decided to start depreciating the equipment bought for $360 that is expected to last for 3 years. 8) In June 23rd Edward Scissorhands withdrew some cash for personal reasons ($3,000). Prepare "T" Accounts in ACCRUAL Basis for the period ended on June 30th and then answer the question. At the end of the accounting period (June 30th, T account after AJE), what is the balance of Cash/Bank account (use only one account for all cash/cheque transactions)