Highland Design Company creates radio and television advertising for local businesses in the twin cities. The following alphabetical list shows Highland Design’s account balances as of January 31, 2014:

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

Transcribed Image Text:

Owner's Equity Assets = Liabilities + R, Mehta,-R, Mehta, + Revenues-Expenses Capita Withdrawals