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Required a. List each account title under the element of the accounting equation to which it belongs. Answer is not complete. Assets Liabilities Stockholders' Equity
Required a. List each account title under the element of the accounting equation to which it belongs. Answer is not complete. Assets Liabilities Stockholders' Equity Computers + Building = + Service revenue Cash = + Rent revenue Land = + Dividends Trucks = + Supplies Supplies + Gasoline expense Office furniture = + Retained earnings = + Supplies = + Salaries expense + Common stock b. Will all businesses have the same number of accounts? Yes No
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