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 $4,000 and buy a computer on account for $1,000. Qui Select one: O a. $11,000 b. $9,000 c. $13,000 d. $15,000 Ne page If a business records a telephone expense in March but does not pay the bill until June, which of the following is true? Select one: a. In June debt decreases and in March equity and cash decrease b. In March, debt increases, expenses increase and equity does not change c. In March, debt increases, expenses increase and equity decreases d. In June, debt decreases, expenses increase and equity decreases Next page Quiz naviga