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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 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

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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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