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What would be the account balance in the Cash account after the following transactions, assuming a zero beginning balance? $110,500 Owner invested cash. $24,9001 Purchased supplies with cash. Received bill for one month of rent. $2,690 $1,010 Paid wages. Billed customer for services performed services performed $1,600 Multiple Choice O $85,680 O $84,590 O $86,190 O $140,700 O $83,500 What would be the account balance in the Service Revenue account after the following transactions, assuming a zero beginning balance? $5,000 Performed services and left a bill. Performed services and collected immediately. $3,900 Performed services and billed customer. $2,400 Performed services on account. Received partial payment on account. $7,200 $1,700 Multiple Choice O $18,500 O $20,200 O $16,800 $12,900 O $11,100 Compute net income for May based on the following transactions: May 1 paid $3,100 for May's rent. May 14 paid $2,100 for two weeks wages. May 15 performed $6,100 in consulting service on account. May 17 billed a customer $2,400 for services performed May 16. May 20 received $6,100 in payment for May 15 transaction. May 22 performed services and immediately collected $2,900. May 31 paid $1,400 for advertising in the local paper to take place in June. Multiple Choice O $11,400 $14,900 O $8,500 O $18,000 O $6,200 Based on the following information, determine the current ratio, assuming all accounts have a normal balance? Cash Accounts receivable Office supplies Land Oflice equipment Accounts payable Common stock $6,754 13,733 2,625 37,153 14,535 6,463 54,490 Dividends Consulting fees earned Rent expense Salaries expense Telephone expense Miscellaneous expense Retained earnings $2,000 13,718 3,673 6,642 560 280 Multiple Choice O 1.57 O 3.58 O 11.57 123 123 O

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