Question 5.16 Which one of the following would match- "Received cash for providing services to customers? O Increase assets, increase owner's equity O Increase liabilities, decrease owner's equity O Increase assets, increase liabilities o Decrease assets, decrease owner's equity O No eflect Question 5.17 Which one of the following would match-"Purchased equipment for cash?" O Decrease assets, decrease owner's equity O No effect O Increase assets, increase owner's equity o Increase liabilities, decrease owner's equity O Increase assets, increase liabilities 6. Chart Question Stockton Company Adjusted Trial Balance December 31 Debit Balances Credit Balances Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation 6,530 2,100 700 13,700 Accounts Payable Notes Payable Bob Steely, Capital 1,100 1,900 4,300 12.940 6. Chart Question Stockton Company Adjusted Trial Balance December 31 Debit Balances Credit Balances Cash Accounts Receivable Prepaid Expenses Equipm ent Accumulated Depreciation Accounts Payable Notes Payable 6,530 2,100 700 13,700 1,100 1,900 4,300 12,940 Bob Steely, Capital Bob Steely. Drawing Fees Eamed Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals 790 9,250 500 1,960 775 250 185 9490 29.490 Question 6.1 In the chart above, use the adjusted trial balance for Stockton Company. Determine the net income (loss) for the period. O Net loss is $5,670. O Net income is $9,250 O Net loss is $790 O Net income is $3,580