Content Income and retained earnings Shareholders’ Equity Company Recording Transactions Examples Examples of the Accounting Equation Accounting Equation for a Sole Proprietorship: Transactions 1–2 Thus, the http://www.4goodluck.org/servisy/lenta-dobrykh-pozhelaniy.html?Page=50&start=1300 and liability sides of the transaction are equal. This increases the fixed assets account and increases the accounts payable account. Before we explore how to analyze transactions, we […]