Delux Design Corporation creates radio and television advertising for local businesses in the twin cities. The following alphabetical list shows Delux Design’s account balances as of January 31, 2010: 

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 in balance. 

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Accounts Payable Accounts Receivable |Cash Common Stock Loans Payable $ 3,210 39,000 9,200 $ 5,000 5,940 Rent Expense Retained Earnings Telephone Expense Unearned Revenue Wages Expense 22,000 480 15,000 105,000 Design Revenue 9,000 62,000 Dividends Equipment 18,000 Stockholders' Equity Liabilities + Common + Retained – Dividends + Revenues – Expenses Earnings Assets Stock FF