We can state the accounting equation for a corporation as: о -A + L - SE = 0. о A + L= SE. О A-L - SE = 0. О A = L - SE.

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter15: Preparing Adjusting Entries And A Trial Balance
Section15.1: Planning Adjusting Entries
Problem 1AYU
icon
Related questions
Question
We can state the accounting equation for a corporation as:
Transcribed Image Text:We can state the accounting equation for a corporation as:
о
-A + L - SE = 0.
о
A + L= SE.
О
A-L - SE = 0.
О
A = L - SE.
Transcribed Image Text:о -A + L - SE = 0. о A + L= SE. О A-L - SE = 0. О A = L - SE.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer