You are given the following list of accounts with dollar amounts:
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.

Transcribed Image Text:

Owner's Equity Assets Liabilities + T● Captain, -T.Captain, + Revenues - Expenses pa Withdrawals Capital