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The following transactions occurred during May, the first month of operations for ABC, Inc., which is a transportation company May 1000 share of contact in

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The following transactions occurred during May, the first month of operations for ABC, Inc., which is a transportation company May 1000 share of contact in charge for $200.000 cash May 4 Obtained $600,000 credit from a bank and signed a note payable. May 10 Purchased vehicles for $400,000, making a $150,000 cash down payment and signing a note you to w bude May 26 Made a $60,000 cash payment on the note payable from the purchase of vehicle, May 29 Provided transportation service to customers on account, $63,000, May 30 incurred and paid repairs expense, $10,000 What is the total owners equity at the end of May? . Select one a $253,000 b$547,000 CS600,000 d. 5663.000

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