The Stewart Construction Corporation builds foundations for buildings and parking lots. The following alphabetical list shows Stewart Construction’s account balances as of April 30, 2010: 

Required 

Insert the account at the top of its corresponding T account and enter the dollar amount as a normal balance in the account. Determine the balance of cash and then show that the accounting equation is in balance. 

Transcribed Image Text:

Rent Expense Retained Earnings Revenue Earned Accounts Payable Accounts Receivable $ 1,950 5,060 $3,600 5,000 Cash Common Stock Dividends Equipment Notes Payable 8,700 3,250 Supplies 15,000 3,500 Utilities Expense Wages Expense 210 13,750 10,000 4,400 Stockholders' Equity Assets Liabilities + Common + Retained – Dividends + Revenues – Expenses Earnings Stock