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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
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.        
         
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