If the value of owner's equity is initially $10.000, calculate the value of owner's equity after the following transactions cash revenues $9.000 prepay rent S3000, pay bank loan principal S2.000. pay maintenance fees S4.000 and buy a computer on account for $1.00. Select one a $13.000 b. $15,000 C $9.000 d. $11,000

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 4MC: A car dealership sells a car to a customer for $35,000. The customer makes a 10% down payment, and...
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If the value of owner's equity is initially $10.000, calculate the value of owner's equity after the following transactions cash revenues $9.000
prepay rent $3,000, pay bank loan principal $2.000. pay maintenance fees S4,000 and buy a computer on account for $1,000.
Select one
a. $13,000
b. $15,000
C $9,000
d. $11,000
Transcribed Image Text:If the value of owner's equity is initially $10.000, calculate the value of owner's equity after the following transactions cash revenues $9.000 prepay rent $3,000, pay bank loan principal $2.000. pay maintenance fees S4,000 and buy a computer on account for $1,000. Select one a. $13,000 b. $15,000 C $9,000 d. $11,000
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