Question: can somone answer these ? Question 6 (2 points) If a sole proprietorship began on 7/1/20, what is the Owner's Capital amount on the first





Question 6 (2 points) If a sole proprietorship began on 7/1/20, what is the Owner's Capital amount on the first line of the Owner's Equity Statement for the month ending July 31, 2020? Question 7 (2 points) Explain when you would double-underline a number on a financial statement. Question 8 (2 points) If ABC Company's total liabilities decreased by $40,000 and their owner's equity increased by $30,000 during a year, then total assets must change by what amount and direction during that same year? (for example, $x,xxx increase or $x,xxx decrease) Question 9 (2 points) During the year 2021, ABC Company earned revenues of $90,000, had expenses of $62,000, purchased assets with a cost of $10,000 and had owner drawings of $6,000. Net income for the year is Question 13 (2 points) Would recording payment of an electric bill result in a debit or credit to the utilities expense account? Question 14 (2 points) On December 1, 2021, the balance in ABC Company's supplies account was $780. During the month, ABC purchases supplies of $900 and used supplies of $1,150. At the end of December, the balance in the supplies account should be (you must indicate the amount and whether it's a debit or credit)
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