T Accounts, normal Balance, and the Accounting equation e3A. You are given the following list of… 1 answer below »

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T Accounts, normal Balance, and the Accounting equation

e3A. You are given the following list of accounts with dollar amounts

 

Rent Expense

$   900

Cash

3,450

Service Revenue

1,500

Retained Earnings

600

Dividends

750

Accounts Payable

1,200

Common Stock

1,800

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 in balance.

 

Stockholders' Equity

 

Assets     5     Liabilities    1     Common     1     Retained     2      Dividends    1     Revenues     2               Expenses

Stock                Earnings

 

                                                                                     

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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