You are given the following list of accounts with dollar amounts: Rent Expense....... $ 900 Cash........... 3,450
Question:
Rent Expense....... $ 900
Cash........... 3,450
Service Revenue..... 1,500
T. Captain, Withdrawals . 750
Accounts Payable...... 1,200
T. Captain, Capital.... 2,400
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 inbalance.
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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