6. Milo has the following year-end account balances Accounts Receivable Supplies Equipment Accounts Payable Stockholders Equity $10,000 $12,000 $25,000 $23,000 $50,000 Given the account balances listed, the balance in the Cash account should be: a. 25,000 b. 26,000 c. 31,000 d. None of these choices are correct 7. Monique Enterprises had a stockholders' equity balance of $160,000 at the beginning of the period. At the end of the accounting period, the stockholders' equity balance was $190,000. Assuming an additional stockholer investment of $20,000 but no distributions during the period, what is the net income for the period? a. 10,000 b. 20,000 c. 30,000 d. None of these choices are correct 8. A debit is not the normal balance for which of the following? Expense b. Dividend c. Asset d. Retained Earnings a 9. On January 14, Edamame Industries purchased supplies of $900 on account. The entry to record the purchase will include a. a debit to Supplies and a credit to Accounts Payable b. a debit to Supplies Expense and a credit to Accounts Receivable. debit to Supplies and a credit to Cash. d. a debit to Accounts Receivable and a credit to Supplies. C