b. Paid off the beginning balance of Accounts payable. Assets Liabilities + Cash AR + Sup + Equip AP + CS Stockholders' equity Retained earnings Rev Exp Div b. + + + 4,600 + + Bal 3,680 + 0 + 27,000 = 01 + 40430 + 6.900 1,830 0 c. Performed services for a client and received cash of $4,000. > Assets = Liabilities + Cash + AR + Sup + Equip AP + CS Stockholders' equity Retained earnings Rev Exp Div C. + Bal 3,680 + 0 27,000 = 4,600 + 40430 + 6.900 1,830 0