You are given the following list of accounts with dollar amounts: Rent Expense .........$ 450 Cash ............
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You are given the following list of accounts with dollar amounts:
Rent Expense .........$ 450
Cash ............ 1,725
Service Revenue ........ 750
M. Powell, Withdrawals ..... 375
Accounts Payable ....... 600
M. Powell, Capital ........1,200
Insert each account name at the top of its corresponding T account and enter the dollar amount as a normal balance in the accounts. Then show that the accounting equation is inbalance.
Transcribed Image Text:
Owner's Equity Assets “ Liabilities + M.Powell,-M, powell. + Revenues-Expenses Capia Withdrawals
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Assets Cash 1725 1725 1725 Liabilities Accoun...View the full answer
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