You are given the following list of accounts with dollar amounts Rent Expense..........................$ 900 Cash....................................3,450 Service Revenue......................1,500
Question:
Rent Expense..........................$ 900
Cash....................................3,450
Service Revenue......................1,500
Retained Earnings......................600
Dividends................................750
Accounts Payable.....................1,200
Common Stock........................1,800
Insert each account name at the top of its corresponding T account and enter the dollar amount as a normal balance in the account. Then show that the accounting equation is in balance.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1133940593
10th edition
Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson
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