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6) During the year, Mason Inc.'s shareholders' equity increased from $30,000 to $40,000. Mason earned net income of $15,000. How much in dividends did Mason declare in the year? $6,000 $0 c. $8,000 d. $5,000 7) Which of the following account types normally have a credit balance? a. Liabilities b. Revenues c. Expenses d. Both a and b. 8) An attorney performs services of $800 for a client and receives $200 cash with the rest on account. The journal entry for this transaction would be which of the following? a. Debit Cash, debit Accounts Receivable, credit Service Revenue b. Debit Cash, credit Accounts Receivable, credit Service Revenue c. Debit Cash, credit Service Revenue Debit Cash, debit Service Revenue, credit Accounts Receivable 9) Accounts Payable had a normal beginning balance of $1,000. During the period, there were debit postings of $400 and credit postings of $600. What was the ending balance? a. S800 debit b. S800 credit c. $1,200 debit d. S1,200 credit 10) The beginning Cash balance was $5,000. At the end of the period, the balance was $6,000. If total cash paid out during the period was $24,000, the amount of cash receipts was a. S23,000. b. $13,000 c. $25,000. d. S35.000