= + Assets Equity Liabilities Prob. 1–5B Capital Accounts Retained Accounts 1. = Earnings + + + Cash Receivable Supplies Land + Stock + Payable Retained = + + Earnings $39,000 + $80,000 + $11,000 + $50,000 $31,500 $50,000 + $81,500 Earnings = $180,000 = $98,500 Retained Earnings
Prob. 1–5B 1. Assets Accounts = Liabilities + Accounts Capital Equity Retained Cash + Receivable + Supplies + Land = Payable + Stock + Earnings $39,000 + $80,000 + $11,000 + $50,000 = $31,500 + $50,000 + Retained Earnings $180,000 = $81,500 + Earnings $98,500 = Retained Earnings
Warren_FinMan12e_SM01_final.docx