Question: What am I doing wrong in the below equation I have the assests, furniture, liabilities, ACC. ACI, and expenses and losses wrong??? Vicky's Floral Arrangements,

What am I doing wrong in the below equation I have the assests, furniture, liabilities, ACC. ACI, and expenses and losses wrong???

Vicky's Floral Arrangements, Inc. had the following transactions in the month of January: The owners invested

$ 400,000 (the par value of the stock) for 20,000 shares of common stock; the company purchased furniture for the florist shop in the amount of

$22,000, which was put on a credit account with the vendor; and the company paid employees wages of $9,000 in cash. What is the effect of each of these transactions on the accounting equation?

(Enter the transactions in the order they are presented. If a box is not used in the table leave the box empty; do not enter a zero. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: Acc. OCI = Accumulated Other Comprehensive Income; Beg. R/E = Beginning Retained Earnings; Contr. Cap. = Contributed Capital.)

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Assets

Liabilities

Stockholders' Equity

Retained Earnings

Cash

Furniture

Liabilities

Contr.

Acc.

Beg.

Service

Expenses

Dividends

Cap.

OCI

R/E

Revenue

and Losses

Declared

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391000

22000

400,000

(9000)

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