Question
Mod 12.3b: Note: The following is not a journal entry nor is it a full trial balance, it is just a random selection of entries
Mod 12.3b: Note: The following is not a journal entry nor is it a full trial balance, it is just a random selection of entries to given accounts. Your job is to identify from the list of accounts below, which accounts would be classified as "Equity" accounts (i.e. accounts that directly impact overall equity). Once you have identified all Equity accounts, compute how the debits or credits in such accounts would impact a company's total equity. For example, if it would increase by 4 then just enter the number 4. If it would decrease by 4, enter the number as -4. Account name Debit Credit Unearned Sales Revenue 37 Bonds payable 21 Sales Revenue 51 Common Stock 17 Salaries payable 9 Dividends 4 Cash 14 The answer that I put was 13 but I got it wrong can you help me please?
accounting software
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