Drag the account types to form the expanded accounting equation. Begin the equity section with Contributed Capital + Retained Earnings. Then, identify whether the item increases, '+', or decreases, ', equity. Common Stock: Dividends : Cash Accounts Receivable Assets Liabilities Accounts Payable Unearned Revenues Revenues Expenses Enter the missing value to balance the equation. 35000 = 38,000 + 3,000 7,000 + 28,000 35,000 21,000 = + 39,000 49,000 + 12,000 20,000 36,000 = 25,000 + 12,000 + 15,000 - 3,000 Identify the part of the expanded accounting equation for each account title. Office Supplies Common Stock Common Stock Dividends Advertising Expense Dividends Expense Utilities Payable Interest Revenue Liability Revenue Build a T-account for each account title. Label the DR (debit), CR (credit), NB (normal balance), and "+" or "-". Debit Debit: : Credit Normal Balance Cash Common Stock Dividends + - + D Rent Expense Unearned Revenue Interest Revenue Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year: $29,000 $18,000 End of Year: $64,000 $28,000 1) What is the equity at the beginning of the year? 2) What is the equity at the end of the year? Beginning Equity Ending Equity 36000 3) If the company issues common stock of $9,800 and pay dividends of $42,000, how much is net income (loss)? 4) If net income is $3,400 and dividends are $6,400, how much is common stock? Common Stock Net Income (Loss) 5) If the company issues common stock of $17,500 and net income is $18,500, how much is dividends? 6) If the company issues common stock of $43,500 and pay dividends of $3,500, how much is net income (loss)? Dividends Net Income (Loss)