Principles Of Accounting By Ma Ghani Solution Top May 2026

Journal Entry 2:

Assets = Liabilities + Equity $10,000 + $20,000 + $30,000 = $15,000 + Equity $60,000 = $15,000 + Equity Equity = $45,000 principles of accounting by ma ghani solution top

Debit: Cash ($1,000) Credit: Service Revenue ($1,000) Journal Entry 2: Assets = Liabilities + Equity