Required information Effect of Events on the Accounting Equation Year 2 and Year 3 Assets - Liabilities Stockholders Equity Bonds + Land Retained Payable Earnings Event Accounts Titles for Retained Earnings Cash Year 2 1/1 500,000+ 01 1/1 0 Pinterest expense Lease revenue 0 500,000 + 12/31 12/31 Bal Year 3 Beg bal. 12/31 12/31 Interest expense Lease revenue End ba 23 of 8 Next > Required information Effect of Events on the Accounting Equation Year 2 and Year 3 Assets - Liabilities Stockholders Equity Bonds + Land Retained Payable Earnings Event Accounts Titles for Retained Earnings Cash Year 2 1/1 500,000+ 01 1/1 0 Pinterest expense Lease revenue 0 500,000 + 12/31 12/31 Bal Year 3 Beg bal. 12/31 12/31 Interest expense Lease revenue End ba 23 of 8 Next >