TOPS IN TOPIARY - BALANCE SHEET AS OF MAY 31 During June the following transactions occurred: 1) Completed a job for which the customer paid $200 in June. The invoice is for $1.000 2.) Hire a helper and paid $200 for works done. 3) Paid $500 for the rent of July 4) Purchased supplies for $300. At the end of June notices that there are $200 of supplies left. During June the following transactions occurred: 1) Completed a job for which the customer paid $200 in June. The invoice for $1,000. 2) Hire a helper and paid $200 for works done. 3) Paid $500 for the rent of July. 4) Purchased supplies for $300. At the end of June notices that there are $200 of supplies left. 5) Orders new flyers for advertising. They will be ready in July but the printer asked to be paid in advance $100. 6) In June collected in cash $3,000 for 3 jobs 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. Prepare "T" Accounts in CASH Basis for the period ended on June 30th and then answer the questions (proof of cash). At the end of the accounting period (June 30th ), what is the total of current assets? Multiple Choice More than $3.000 Between $1,000 ond $1,499 Less than $1.000 Between $1,500 and $1,999 Between $2,000 and $3,000 The following financial statements were prepared at the end of the month of May: TOPS IN TOPIARY - INCOME STATEMENT FOR the month of May TOPS IN TOPIARY - STATEMENT OF OWNER'S EQUITY FOR the month of MAY