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 +increase 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 acct balance Cash (example) $25,000 $25,000 Accounts Receivable 16,000 Rent Expense 1,000 Supplies Equipment, net Accounts Payable 5,000 31,000 9,000 Service Revenue 45,000 Utilities Payable 2,000 Deferred Revenue Common Stock 15,000 22,000 4,000 27,000 Utilities Expense Retained Earnings Beginning Salaries Payable Salaries Expense Insurance Expense 2,000 11,000 6,000 3,000 Advertising Expense Supplies Expense Dividends 5,000 4,000 6,000 Prepaid Insurance Legal Fees Expense Totals 5,000 $ $ $