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.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 6MC: If a company capitalizes costs that should be expensed, how is its income statement for the current...

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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.