Answer:
Assets = Liabilities + Stockholders' Equity
Cash + Accounts Receivable = Accounts Payable + Common Stock - Dividends + Revenues - Expenses
A. Cash $6,200 + Accounts Receivable = Accounts Payable + Common Stock - Dividends + Revenues $6,200 - Expenses
B. Cash $6,200 + Accounts Receivable $4,700 = Accounts Payable + Common Stock - Dividends + Revenues $6,200 + $4,700 - Expenses
Bal Cash $6,200 + Accounts Receivable $4,700 = Accounts Payable + Common Stock - Dividends + Revenues $10,900 - Expenses
C. Bal Cash $6,200 -$1,750 + Accounts Receivable $4,700 = Accounts Payable + Common Stock - Dividends + Revenues $10,900 - Expenses $1,750
Bal Cash $4,450 + Accounts Receivable $4,700 = Accounts Payable + Common Stock - Dividends + Revenues $10,900 - Expenses $1,750
D. Bal Cash $4,450 + $2,350 + Accounts Receivable $4,700 - $2,350 = Accounts Payable + Common Stock - Dividends + Revenues $10,900 - Expenses $1,750
Bal Cash $6,800 + Accounts Receivable $2,350 = Accounts Payable + Common Stock - Dividends + Revenues $10,900 - Expenses $1,750
E. Bal Cash $6,800 - $840 + Accounts Receivable $2,350 = Accounts Payable + Common Stock - Dividends + Revenues $10,900 - Expenses $1,750 + $840
Bal Cash $5,960 + Accounts Receivable $2,350 = Accounts Payable + Common Stock - Dividends + Revenues $10,900 - Expenses $2,590
Explanation:
Assets = Liabilities + Stockholders' Equity
The company's accounting equation shows that with each business transaction, the equation is always in balance, provided the double entry system of accounting is maintained. This system specifies that more than one account is involved in each transaction. These accounts involve the debiting or crediting of one or two sides of the accounting equation.
