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  1. business
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  3. assets = liab. + equity ...

Assets = Liab. + Equity ...

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Verified Solution

Question

Accounting

Assets

=

Liab.

+

Equity

Contr.

Capital

Retained Earnings

Cash

+

A/R

+

Off.

=

A/P

+

Com.

-

Div.

+

Serv.

-

Rent

-

Util.

-

Sal.

-

Adv.

Sup.

Stock

Rev.

Exp.

Exp.

Exp.

Exp.

12/1

+

+

=

+

-

+

-

-

-

-

12/2

+

+

=

+

-

+

-

-

-

-

Bal.

+

+

=

+

-

+

-

-

-

-

12/5

+

+

=

+

-

+

-

-

-

-

Bal.

+

+

=

+

-

+

-

-

-

-

12/9

+

+

=

+

-

+

-

-

-

-

Bal.

+

+

=

+

-

+

-

-

-

-

12/10

+

+

=

+

-

+

-

-

-

-

Bal.

+

+

=

+

-

+

-

-

-

-

12/15

+

+

=

+

-

+

-

-

-

-

Bal.

+

+

=

+

-

+

-

-

-

-

12/20

+

+

=

+

-

+

-

-

-

-

Bal.

+

+

=

+

-

+

-

-

-

-

12/25

+

+

=

+

-

+

-

-

-

-

Bal.

+

+

=

+

-

+

-

-

-

-

12/28

+

+

=

+

-

+

-

-

-

-

Bal.

+

+

=

+

-

+

-

-

-

-

12/28

+

+

=

+

-

+

-

-

-

-

Bal.

+

+

=

+

-

+

-

-

-

-

12/30

+

+

=

+

-

+

-

-

-

-

Bal.

+

+

=

+

-

+

-

-

-

-

12/31

+

+

=

+

-

+

-

-

-

-

Bal.

+

+

=

+

-

+

-

-

-

-

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