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4) If the value of owners equity is initially $10,000, calculate the value of owners equity after the following transactions: cash revenues $9,000, prepay rent

4) If the value of owners equity is initially $10,000, calculate the value of owners equity after the following transactions: cash revenues $9,000, prepay rent $3,000, pay bank loan principle $2,000, pay maintenance fees $4,000 and buy a computer on account for $1,000.

  1. $13,000
  2. $9,000
  3. $11,000
  4. $15,000

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