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a. Organize appropriate ledger accounts under an accounting equation. Record the beginning balances and the transacti the accounts. In the last column of the
a. Organize appropriate ledger accounts under an accounting equation. Record the beginning balances and the transacti the accounts. In the last column of the table, provide appropriate account titles for the Retained Earnings amounts. (En decreases to account balances with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, cell blank. Not every cell will require entry.) Assets Events Cash + Inventory Beg. Bal. 1. 2. 3. 4. 5a. 5b. 6. + +++++++ TERRY'S AUTO SHOP Effect of Events on the Financial Statements = = = Liabilities + Stockholders' Equity Accounts Common + + Payable Stock Retained Earnings Accounts Titles for Retained Earnings = + = = = = ++ + + + + + ++++++++ + 7. + = + End Bal. + = + +
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