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Use the following five transactions for Morton & Associates, Inc. to answer the question(s). May 1 Bills are sent to clients for services provided in
Use the following five transactions for Morton & Associates, Inc. to answer the question(s). May 1 Bills are sent to clients for services provided in April in the amount of $800. 9 Techno, Inc. delivers office furniture ($1, 060) and office supplies ($160) to Morton leaving an invoice for $1, 220. 15 Payment is made to Techno, Inc. for the furniture and office supplies delivered on May 9. 23 A bill for $430 for electricity for the month of April is received and will be paid on its due date in June. 31 Salaries of $850 are paid to employees. See the transactions for Morton & Associates. Based only on these transactions, what is the total amount of expenses that should appear on the income statement for the month of May? a. $ 1, 440 b. $1, 280 c. $ 430 d.$ 850
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