What would the S/E Equity, Revenues, and Expenses be. Shareholders’ Equity Account Trans. Debit Credit Balance Common stock $90 cr. Account Trans. Debit Credit Balance Retained earnings $5 cr. Revenues Account Trans. Debit Credit Balance Consulting revenues Expenses Account Trans. Debit Credit Balance Operating expense Account Trans. Debit Credit Balance Depreciation exp. Account Trans. Debit Credit Balance Interest exp.
What would the S/E Equity, Revenues, and Expenses be. Shareholders’ Equity Account Trans. Debit Credit Balance Common stock $90 cr. Account Trans. Debit Credit Balance Retained earnings $5 cr. Revenues Account Trans. Debit Credit Balance Consulting revenues Expenses Account Trans. Debit Credit Balance Operating expense Account Trans. Debit Credit Balance Depreciation exp. Account Trans. Debit Credit Balance Interest exp.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What would the S/E Equity, Revenues, and Expenses be.
Shareholders’ Equity | ||||
Account | Trans. | Debit | Credit | Balance |
Common stock | $90 cr. | |||
Account | Trans. | Debit | Credit | Balance |
$5 cr. | ||||
Revenues | ||||
Account | Trans. | Debit | Credit | Balance |
Consulting revenues | ||||
Expenses | ||||
Account | Trans. | Debit | Credit | Balance |
Operating expense | ||||
Account | Trans. | Debit | Credit | Balance |
Account | Trans. | Debit | Credit | Balance |
Interest exp. | ||||
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