12. Name the three temporary child 1. 2 3. accounts of Retained Earnings 13. Post the Balances of each account to the right of the list of accounts: Post only the dollar amount in only one of the three columns. Is it an Asset or Liability or will the account balance tincrease or decrease total stockholders' equity if changes stockholders' equity post the number as a + or -under stockholders' Equity. Add up the totals for each column... Should balance: Assets = Liabilities + Total Stockholders' Equity Accounts Balances Assets Liabilities Stockholders Equity + or-acet balance Cash (example) $25,000 $25,000 Accounts Receivable 16,000 Rent Expense 1,000 Supplies 5,000 Equipment, net 31,000 Accounts Payable 9,000 Service Revenue 45,000 Utilities Payable 2,000 Deferred Revenue 15,000 Common Stock 22,000 Utilities Espace 4,000 Retained Earnings Beginning 27,000 Salaries Payable 2,000 Salaries Expense 11,000 Insurance Expense 6,000 Advertising Expense 3,000 Supplies Expense 5,000 Dividends 4,000 Prepaid Insurance 6,000 Legal Fees Expense 5,000 Totals $ No 14. Does Assets-Liabilities Stockholders' Equity? Yes If not balanced error! 15. From the Totals for the end of the period answer the following questions: 16. What is the Total of Assets Listed? 17. What is the Total of Liabilities listed? 18. What is the Net Income for the period? 19. What is the expanded accounting equation? 20. What is the end of the period new Retained Earnings Balance at the end of the period? Remember the expanded equation